Singapore economists applaud ‘impressive’ Budget 2024


Singapore DPM Lawrence Wong - PHOTO: MCI via The Straits Times

SINGAPORE: Budget 2024 is an impressive attempt by the government to gear up businesses and individuals for an economy that may gradually change beyond recognition because of developments such as artificial intelligence (AI), climate change and population ageing, say panellists at a discussion on Feb 17 organised by the Economic Society of Singapore (ESS).

Some of the economists, however, expressed concerns about the sustainability of the effort, bunched together with large cash handouts for various sections of society, amid what they perceived as a lack of information about the source of Singapore’s financial strength.

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