Unveiled by Deputy Prime Minister and Finance Minister Heng Swee Keat on Monday, the package – officially dubbed the Solidarity Budget – brings the city-state’s total coronavirus relief measures to $59.9 billion, or some 12% of its gross domestic product (GDP).
SINGAPORE (Apr 6): Singapore is rolling out an additional $5.1 billion in relief measures to cushion the blow of a month-long circuit breaker, which will see the suspension of all non-essential business activities from April 7.
And economists have taken well to the latest goodies doled out, which they say are “in line with expectations of saving jobs”.
