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A budget for recovery and beyond

Jeffrey Tan
Jeffrey Tan • 6 min read
A budget for recovery and beyond
If it means that Singapore will emerge out of Covid-19 in pole position, it is a necessary commitment to run a budget deficit.
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A few days before the tabling of Budget 2020 last year, a leaked audio recording of Chan Chun Sing’s dialogue at the Singapore Chinese Chamber of Commerce and Industry (SCCCI) was circulating on social media.

In the 25-minute recording, the Minister of Trade and Industry can be heard urging businessmen to position their businesses for a recovery from the Covid-19 impact – and not just focus on alleviating the immediate impact.

“Because while we’re dealing with the current [pandemic], we must make sure that we think two steps down the road,” Chan said in delightfully colourful Singlish.

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