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Budget 2023 offers near-term help but maintains fiscal discipline and active wealth distribution

Bryan Wu
Bryan Wu • 12 min read
Budget 2023 offers near-term help but maintains fiscal discipline and active wealth distribution
Singapore expects to run a slight deficit of $0.4 billion this year, as the country shifts from fighting the pandemic to dealing with near-term economic challenge. Photo: The Edge Singapore
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On Feb 9, deputy prime minister Lawrence Wong, in his capacity as co-chair of the multi-ministry task force, cheerily appeared in yet another TikTok video.

In a bid to reach constituents and citizens who shy away from mainstream channels, Singapore’s politicians are now regularly found building their presence on new platforms to deliver messages.

In this instance, Wong was announcing that Singapore, with effect from Feb 13, would remove practically all pandemic-related restrictions, moving its Disease Outbreak Response System Condition (Dorscon) level from Yellow to Green.

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