2020 has not been off to a great start so far.
As the global economy worsened amidst the COVID-19 outbreak, governments around the world have been implementing stimulus packages in a bid to jumpstart and keep their country’s economy afloat.
The Singapore Government has also been quick to take action.
Announcing the first COVID-19 stimulus package in Parliament, entitled the Unity Budget, to the tune of $6.4 billion.
This was announced during the Singapore Budget 2020 on 18 February 2020.
On 26 March 2020, Deputy Prime Minister and Minister for Finance Heng Swee Keat announced the second COVID-19 stimulus package entitled the Resilience Budget in Parliament.
This time, $48.4 billion will be set aside by the Singapore Government to help businesses, workers, and families dealing with the fallout from the COVID-19 pandemic.
This will bring the amount set aside to fight COVID-19 to a whopping
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