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Singapore's Gini coefficient was mentioned during DPM Lawrence Wong's Budget 2024 speech this year as being the lowest it's been in two decades.

But what is the Gini coefficient? What is it used for? And what does it say about inequality in Singapore? 

We break it down in layman terms in this quick video explainer: https://cna.asia/42NIyUy

You can also read about it here: https://cna.asia/49nH2e3