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Budget 2017: Singapore aims to boost economic growth, support weak sectors

Jude Chan Published on Mon, Feb 20, 2017 / 7:00 PM GMT+8

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SINGAPORE (Feb 20): Finance Minister Heng Swee Keat on Monday announced measures to support companies and sectors grappling with cyclical downturns and industry shifts in a bid to boost growth and productivity amid global economic uncertainties.

The 2017 budget statement comes on the back of recommendations by the Committee on the Future Economy (CFE), which on Feb 9 unveiled a set of strategies aimed at ensuring annual economic growth of 2-3%.

(See Singapore charts path for growth as globalisation mood darkens)