Singapore - Singapore Finance Minister Tharman Shanmugaratnam Thursday presented a 20.5-billion-Singapore-dollar (13.74-billion-US-dollar) budget for financial year 2009, focusing on preserving jobs and supporting businesses in the city state.
He said the budget, which he referred to as a resilience package, would help Singapore through the exceptionally difficult year ahead, but would not help it get out of the economic recession.
However, the budget, for fiscal year April 1, 2009-March 31, 2010, would help avert an even sharper downturn and the more lasting damage to the economy, the minister told parliament.