What is the "countercyclical adjustment" policy?

The Singapore government deals with inflation and economic pressure by distributing funds to low-income groups and increasing the tax burden of the rich. This is an economic policy called "countercyclical adjustment", which is widely used in the world.

In fact, many countries have adopted similar policies to promote economic development and cope with economic crisis. For example, during the Great Depression, the American government adopted Roosevelt's New Deal to stimulate economic growth by implementing social welfare programs and public projects. Another example is Norway, which has adopted a policy similar to that of Singapore to ensure the sustainability of the welfare system by increasing taxes and public expenditure on the rich.

However, whether this policy is worthy of emulation by other countries needs to be evaluated according to the economic, political and social conditions of different countries. Some countries may already have relatively perfect social security systems and welfare systems, and it is not necessary to adopt similar policies. For some countries with relatively backward economic development and imperfect social welfare system, it may be helpful to adopt countercyclical adjustment policies.

To sum up, the counter-cyclical adjustment policy adopted by the Singapore government is universal in the world, but its applicability needs to be evaluated according to the specific conditions of different countries.