Dear readers, I believe Singapore investors and Singaporeans will be keenly looking forward to what Deputy Prime Minister and Finance Minister Heng Swee Kiat will share in his Fortitude Budget today. The Fortitude Budget will be the fourth budget presented by DPM Heng this year and it comes after the main Unity Budget 2020 and the subsequent Resilience and Solidarity Budgets.
I understand that job support and additional help for those in the social services sectors will be highlights of the Fortitude Budget.
Indeed, Covid-19 has affected the economy of Singapore and it is also believed that the full impacts of Covid-19 may yet to be fully felt. If we take the first letter of each name of the four Budgets: Solidarity, Unity, Resilience and Fortitude, we have the word “SURF”. Hence I would liken the four budgets as SURF-ing the waves of economic uncertainty to best manage Singapore economy in the backdrop of Covid-19.
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