S$1.1b package to aid workers, businesses hit by tighter Covid-19 measures

It will be funded by reallocations from underutilisation of funds due to Covid-19 and fiscal resources set aside earlier

Tan Nai Lun

Published Sat, Jul 24, 2021 · 05:50 AM

Ministry of Finance

Singapore

THE government will enhance its support measures through a S$1.1 billion support package to aid workers and businesses as Singapore returned to Phase 2 (Heightened Alert).

The package will be funded by reallocations from one-off underutilisation of funds due to Covid-19 as well as fiscal resources set aside earlier in the event of an extension of support measures, the Ministry of Finance (MOF) said on Friday.