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Heng Warns Against Excessive Singapore Budget Size Expectations

Bloomberg logo Bloomberg 2 days ago Melissa Cheok
SINGAPORE - JUNE 16:  Singapore Deputy Prime Minister and Minister of Finance, Heng Swee Keat speaks during the launch of Celebrating Fathers' - Dad's Day Out at OCBC Square, Singapore Sports Hub on June 16, 2019 in Singapore.  (Photo by Suhaimi Abdullah/Getty Images for Singapore Sports Hub) © 2019 Getty Images SINGAPORE - JUNE 16: Singapore Deputy Prime Minister and Minister of Finance, Heng Swee Keat speaks during the launch of Celebrating Fathers' - Dad's Day Out at OCBC Square, Singapore Sports Hub on June 16, 2019 in Singapore. (Photo by Suhaimi Abdullah/Getty Images for Singapore Sports Hub)

(Bloomberg) -- It is important not to have “excessive expectations” on the size of the upcoming budget aimed at helping the Singapore weather the coronavirus outbreak, the country’s Deputy Prime Minister Heng Swee Keat said in Facebook post.

“Various analysts and business leaders have been guessing about the size of the Budget, and its reach,” he said. “It is important not to have excessive expectations or merely focus on the headline numbers. What is more important is that all of us do our part and make the best use of whatever we have.”

‘Resilience Budget’ will help save jobs and support companies, with more for those who have been hardest hit, Heng said.

Households to also get “additional help to tide through this difficult period”.

NOTE: Heng is set to unveil a second stimulus package today to help Singapore weather the economic fallout from the coronavirus spread; will be delivered 3:30pm Singapore time in Parliament.

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