Budget 2021: S$11b for Covid relief, and even more to fortify future
S$24b earmarked for economic transformation over next three years: to boost business, catalyse capital and redesign and create jobs
Singapore
WHILE Budget 2021 puts S$11 billion towards continued Covid-19 relief - drawing on past reserves for the second straight year - it devotes more to the future, including S$24 billion to help firms and workers "emerge stronger" over the next three years.
Last year's Budgets and this year's Covid-19 Resilience Package are about "preservation and adaptation" amid an emergency. But the focus this year is on structural change, said Deputy Prime Minister and Finance Minister Heng Swee Keat in his Budget speech on Tuesday.
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