The Unity Budget: What it says about Singapore's values

In his Budget round-up speech yesterday, Deputy Prime Minister Heng Swee Keat spoke on the long-and short-term challenges in managing Singapore's finances against the backdrop of the coronavirus outbreak. Prudence, solidarity and a commitment to future generations were key guiding principles, as highlighted in the following excerpts.

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This year's Budget takes place under exceptional circumstances. It is a trying moment for businesses, workers and households, having to deal with both the softening of the global economy and the sudden Covid-19 outbreak.

How we respond to moments of challenge and crisis is a test of our individual resilience and the strength of our character. Even more, it is a test of our social cohesion and solidarity. It is a test of who we are as a people, and as a nation.

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A version of this article appeared in the print edition of The Straits Times on February 29, 2020, with the headline The Unity Budget: What it says about Singapore's values. Subscribe