Supplementary Budget 2020: The Resilience Budget – Delivering Extraordinary Support in an Unparalleled Time of Crisis

Amid the escalating Covid-19 crisis and a gloomy economic forecast described as “the worst economic contraction since Singapore’s independence”, Deputy Prime Minister and Finance Minister Heng Swee Keat announced a landmark $48 billion Supplementary Budget package on March 26, to deliver “decisive” and timely support to workers, businesses and households.

The broad-based Resilience Budget features enhancements to existing schemes, grants, rebates and financial assistance announced in the Unity Budget, as well as new initiatives targeted at specific worker segments and industries.

Click here to read more about the Resilience Budget and measures laid out to help businesses and workers.