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Budget 2021 Commentary: Emerging Stronger Together

2020 was a year marked with uncertainty, complexity, change and would most certainly go down in history as one of the steepest recessions Singapore (and probably the world) has seen (yet). While there should be no doubt that the Singapore Government will continue with its expansionary path in order to lift the country out of its worst recession, it would be one that has to be addressed with monetary prudence and fiscal clarity after having doled out close to S$100 billion in 2020 as firefighting measures to ensure survivability, sustainability and maintenance of livelihoods due to the COVID-19 pandemic.

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