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Budget 2010: Shaping Singapore’s Economic Landscape for the Decade
If anyone is looking for signs of dynamism or innovativeness in the island state of Singapore, Budget 2010 may well offer some useful hints. On 22 February 2010, the Singapore Government unveiled Budget 2010, charting out a course to build up the needed capabilities to transform Singapore into an advanced economy over the next decade. Those who follow the development of Singapore closely, particularly its budget announcements, will recall that just over a year ago, the Singapore Government introduced the Resilience Package in Budget 2009 at a time of enormous economic uncertainties. The world then, as considered by many economists, was suffering its worst and most widespread financial crisis since the Great Depression of the 1930s.