“There’s still a cone of uncertainty: It depends on whether the vaccination goes as planned,” he said, adding that Singapore is prepared for the risks of further virus mutations and a slower pace of vaccination globally.
Singapore’s further reliance on past reserves for funding will depend on how long it takes to get the global coronavirus pandemic under control, with the full extent of the pandemic not yet felt, Deputy Prime Minister Heng Swee Keat said.
After announcing plans to tap the country’s reserves for a second straight year, any decision to actually use them “depends on the trajectory of the pandemic, which will then shape the trajectory of the global recovery,” Heng said Wednesday in an interview with Bloomberg Television’s Haslinda Amin.
