Government ready to extend more support if cost pressures worsen: Wong

Implementation of February's Budget measures to be brought forward where possible to help households, businesses cope with rising costs

Annabeth Leow

Published Tue, Apr 5, 2022 · 05:50 AM

Singapore economy

Singapore

SINGAPORE is ready to extend more support to households and businesses if cost pressures worsen - but there is no specific inflation threshold to take action, Finance Minister Lawrence Wong said in Parliament on Monday (Apr 4).

Noting "the concerns that many households and businesses have about the current situation", Wong said he has decided to take immediate action and bring forward the implementation of February's Budget measures where possible.