Budget 2020: A need to tackle long-term transformation, sustainability issues

Singapore

IMMEDIATE support aside, the upcoming Budget 2020 should also address longer-term issues such as economic transformation, digitalisation, the environment, and the ageing population, said business leaders.

As previously announced, the Budget will include measures for sectors hit by the novel coronavirus; support for firms to adjust to re-employment and retirement changes; and details of a support package for the upcoming goods and services tax hike.

With the virus outbreak exacerbating the pressures from trade tensions and macroeconomic concerns, short-term relief will be important…