Home » News & Politics » Solidarity Budget: Singapore unveils third COVID-19 relief package worth S$5.1 billion

Solidarity Budget: Singapore unveils third COVID-19 relief package worth S$5.1 billion

Written By CNA on Monday, Apr 06, 2020 | 09:30 AM

 
Singapore will spend an additional S$5.1 billion to support businesses, workers and households as it steps up measures to fight the COVID-19 pandemic. The government's total financial response to the virus now totals nearly S$60 billion -- about 12% of GDP. The package includes additional wage and credit support for businesses, as well as more cash payouts for Singaporeans. This will bring the overall budget deficit for the financial year to a record S$44.3 billion. The government will also draw an additional S$4 billion from past reserves. Subscribe to our channel here: https://cna.asia/youtubesub Subscribe to our news service on Telegram: https://cna.asia/telegram Follow us: CNA: https://cna.asia CNA Lifestyle: http://www.cnalifestyle.com Facebook: https://www.facebook.com/channelnewsasia Instagram: https://www.instagram.com/channelnewsasia Twitter: https://www.twitter.com/channelnewsasia

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