Singapore’s economy to get final welfare boost before 2017

Expect social spending to rise.

The city-state finds itself at the midpoint of a 10-year restructuring, which has brought about plenty of growing pains.

According to a report by Bloomberg, Singapore’s Finance Minister Tharman Shanmugaratnam may include more welfare benefits in a budget Monday that's potentially the current administration’s last before an election that has to be held by January 2017.

View the full report here.

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