It’s evident that COVID-19 has taken over the world. Amidst the chaos, Singapore has come together as one nation to support each other and tackle this pandemic.
In Feb 2020, the Government presented a Unity Budget to help Singapore sustain through the pandemic. However, with the situation changing up for the worst daily and with a forecasted economic recession, our Government has come forward once again to provide additional support for all businesses and workers by presenting a Resilience Budget. This additional projected budget for Singapore will be used from past reserves – an emergency action which was only executed once before during the 2008 financial crisis.
Related Read: Singapore solidarity budget 2020
The infographic below summarises the types of extra support provided for everyone in Singapore:
Rikvin’s content team includes in-house and freelance writers across the globe who contribute informative and trending articles to guide aspiring entrepreneurs in taking their business to the next level in Asia.