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Sustainability is key in deciding financial aid
Channel NewsAsia - Sunday, December 7
SINGAPORE: Sustainability is key when setting out financial assistance to help Singaporeans weather the economic downturn.
Senior Minister of State for Finance Lim Hwee Hua said this to Channel NewsAsia after opening a new PAP Community Foundation kindergarten at Serangoon North Avenue 1 on Saturday.
She said that from her meetings with residents, she found that Singaporeans preferred measures that can help in the long—term.
The uncertain global financial crisis should also increase Singaporeans’ ability to adapt to different situations. And the government stands ready to help.
Mrs Lim said: "Whether it requires one round or two rounds, obviously we have enough reserves to try and ride out (the crisis)...as best as we can, too. (And) in a way, also to ensure that when we emerge from the downturn, we actually are in a strong position to capitalise on growth."
— CNA/ir
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