Singapore's 4th Budget sets aside S$33bil to help workers, businesses

The Government is dedicating close to S$100bil to support Singaporeans in the battle against Covid-19. - ST

SINGAPORE (The Straits Times/ANN): Deputy Prime Minister Heng Swee Keat on Tuesday (May 26) announced a S$33 billion supplementary Budget aimed primarily at helping workers and businesses pull through the Covid-19 pandemic and the bleak economic outlook ahead.

Called the Fortitude Budget, Singapore's fourth Budget in less than four months sets aside $2.9 billion to extend job protection and co-pay salaries to help firms retain workers. It also provides for the $3.8 billion that went towards helping Singaporeans tide over the extension of the circuit breaker measures.