to existing schemes costing S$4 billion aimed at stabilising Singapore's economy amid the uncertainties caused by COVID-19.Mr Heng unveiled an unparalleled S$48 billion package of measures to steer aid to workers and businesses – with more targeted help for those hardest-hit by the coronavirus pandemic – as well as strengthening economic and social resilience.
And with the global economy more integrated, this would mean a"deeper, broader and more prolonged" economic impact, he added. It was also announced on Thursday that more financial support would be provided to self-employed people, firms and first-time job seekers. "In the Unity Budget, we had already taken into account the needs of the self-employed in the form of our taxi-drivers and private-car hire drivers. Now, as we looked at this, we thought that the impact was going to be broader and deeper,' he said.
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