The year 2020 has proven to be a very different year with what is going on around the world.
This is also the first time Singapore will be releasing three Budget statements in less than two months. We first had the Unity Budget 2020 in February, Resilience Budget in March 2020, targetting at helping Singaporeans cope with COVID-19, followed by the Solidarity Budget in April.
With Circuit Breaker to take place tomorrow, the Solidarity Budget look to provide assistance for Singaporeans who are affected by this pandemic. Short-term pains are necessary to prevent long-term damages on the economy.
Objectives of Solidarity Budget 2020 To save jobs and protect the livelihoods of Singaporeans Help affect businesses stay afloat Help households in a more direct way (cash) For Affected BusinessesTo help affected businesses and sectors stay afloat, the government will increase support
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