SINGAPORE RESILIENCE BUDGET 2020: TAPPING RESERVES

Behind-the-scenes look at President's nod to draw on reserves

President's in-principle approval lets government draw up to S$17b from past reserves to fund Resilience Budget

Singapore

SINGAPORE'S president has given "in-principle support" for the government to draw on past reserves to fund a substantial second stimulus package aimed at rescuing the novel coronavirus-battered economy.

"Our reserves were built up over the years through prudent spending,

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