In the Singapore Budget 2021, Deputy Prime Minister & Finance Minister Heng Swee Keat announced that the Singapore government plans to draw another $11 billion from the Singapore reserves. Of that, $9.3 billion of what the government plans to draw is money that had been set aside in the reserve in 2020 but was not yet deployed.
In this edition of the DollarsAndSense Tonight discussion, our editorial team weighed in with their views during the post-budget discussion with our thoughts on Budget 2021, what we think the government is going to focus on in the coming years ahead, and what Singaporeans can look forward to in 2021.
0:25 – Why the Singapore government is tapping into our reserves for a second consecutive year
1:20 – What can Singaporeans expect from the COVID-19 Resilience Package?
5:06 – Was the Singapore government too generous with the level of support they gave in 2020?
6:30 – Why the government is focusing on Electric Vehicles related initiatives?
7:14 – Is this the right time for the government to issue green bonds to fund selected public infrastructure projects?
Listen to our podcast, where we have in-depth discussions on finance topics that matter to you.
