"It provides for the immediate needs of Singaporeans, especially with the rising costs of living, but at the same time invests in Singapore's future needs," she said in a Facebook post.
She noted that significant challenges remain, even as the Covid-19 pandemic has abated, with Singapore's population ageing rapidly, climate change intensifying, and global security, economic openness and social cohesion coming under threat.
The President's assent was given to the Supply Bill, a move that formally authorises how much the Government can spend in each financial year.
Following her assent, the Bill will be enacted into a law called the Supply Act, which controls the Government's spending in the coming financial year.
This story is from the March 25, 2023 edition of The Straits Times.
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This story is from the March 25, 2023 edition of The Straits Times.
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