Collectively, last year’s measures amounted to nearly $100 billion, or close to 20% of Singapore’s Gross Domestic Product (GDP).
Singapore will have another $11 billion in relief measures to help Singaporeans and local businesses tide through the Covid-19 storm which has panned out to be the republic’s worst recession on record.
Dubbed the ‘Emerging Stronger Together’ Budget, the additional measures announced on Feb 16 builds on the support unveiled across the five Budget packages released in 2020.
