Record low in income inequality due to ‘massive transfers’, schemes tilted towards lower-income groups: Heng Swee Keat

SINGAPORE: Income inequality in Singapore fell to a historic low in 2020 due to “massive transfers” and schemes tilted towards supporting lower income groups, said Deputy Prime Minister Heng Swee Keat on Sunday (Feb 21). 

Speaking on CNA’s Ask The Finance Minister programme, Mr Heng said …