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Budget 2022 will help Singaporeans manage cost of living, provide support for sectors facing difficulties: Lawrence Wong

Singapore is in a “much better position today” than when Covid-19 first emerged two years ago.

Singapore is in a “much better position today” than when Covid-19 first emerged two years ago.

SINGAPORE — This year's Budget will help Singaporeans manage concerns over “more immediate issues” like the cost of living and provide support for sectors facing difficulties, said Finance Minister Lawrence Wong on Thursday (Feb 3).

He will deliver the 2022 Budget statement in Parliament on Feb 18.

“We are heartened that the Budget is taking place amidst a strong and steady recovery of the economy,” said Mr Wong.

“Amidst this backdrop, we know that a few sectors continue to face difficulties. For these sectors we will provide support. We will also help Singaporeans manage concerns over more immediate issues like the cost of living.”

The Government will “have to look ahead” and focus on measures that will put Singapore in a “stronger position” after the Covid-19 pandemic, said Mr Wong.

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