SINGAPORE - The third set of support measures announced by Deputy Prime Minister Heng Swee Keat on Monday will cost $5.1 billion.
She had earlier given in-principle support for a draw of $17 billion to fund the Government's second support package to help businesses and workers battered by economic fallout from the coronavirus pandemic. While these"significantly stricter pre-emptive measures" are needed to protect Singaporeans and their families, Mr Heng acknowledged that workers and businesses will be severely impacted.
The Solidarity Budget follows two initial tranches of support - the Unity Budget and the Resilience Budget .
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