Insight

Questions for Budget 2021: Will Singapore need to dip into its reserves again?

With the economy still climbing out of the worst recession in Singapore's history, an expansionary budget is still much needed, observers say.
With the economy still climbing out of the worst recession in Singapore's history, an expansionary budget is still much needed, observers say.ST PHOTO: LIM YAOHUI

SINGAPORE - Singapore's reserves were built up for a rainy day, which came when Covid-19 hit last year.

Of the close to $100 billion spent in the biggest stimulus package in the country's history, $52 billion came from past savings.

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