Govt has not shifted economic strategy from 'pro-growth' to 'pro-distribution': DPM Wong
SINGAPORE — Responding to sentiments that the Government has changed its"pro-growth" economic approach to one that is"pro-redistribution", Deputy Prime Minister Lawrence Wong set the record straight to say that economic growth is still among its priorities.
He was speaking at the end of a three-day Budget debate to allay concerns on Singapore’s economic competitiveness, and whether the Government is helping workers and businesses sufficiently. Said Mr Wong: “Let me set the record straight: We remain focused on growing the economic pie because only then can Singaporeans build better lives for themselves and their families.
While Singapore will get additional revenue, assuming the affected MNEs here do not leave, this is a"big assumption", said Mr Wong.
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