Wow, the massive S$48 billion Resilience Budget has been announced by the Singapore Government. This adds on to the S$6.4 billion Unity Budget announced last month in Feb 2020. In-principle approval has been provided by the President to draw up to S$17 billion from Singapore’s past reserves to fund part of the Resilience Budget.
I’m not going to analyse the Resilience Budget because more established financial websites are going to do a much better job with it. I’m just impressed by how quickly the Singapore Government responded to the Covid-19 virus crisis. And just how much money they are putting into the people and economy to keep all of us going.
Personally, as a corporate employee still with a job for now, the main benefit for me is the higher cash payout to my family (wife and kid). And perhaps a greater willingness for my bank to keep me employed