2020 has not been off to a great start so far.

Source: Robert B. Weide’s Twitter

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