A Third Stimulus: The Solidarity Budget – An Extra Boost to Unity and Resilience Budgets

Just a day before the month-long nation-wide “circuit-breaker” measures kicked in, a third round of support measures was unveiled on 6 April 2020 by Deputy Prime Minister and Finance Minister Heng Swee Keat in Parliament. The Solidarity Budget – so named to rally much-needed unity, mutual support and confidence in the face of the Covid-19 outbreak, dubbed the worst global crisis since World War II – arms Singapore with an additional $5.1 billion in its fight.

An extension of the Resilience Budget, it features enhancements to newly introduced financial schemes and payouts.

Click here to read a summary of the enhancements set out in the Solidarity Budget.