Speedy, broad-based help for all

THE Resilience Budget, a supplementary budget announced by Minister for Finance Heng Swee Keat to support workers, stabilise businesses and build resilience is a landmark package never seen before. Tapping on our past and current reserves for over S$48 billion, it is a much-needed stimulus to Singapore's economy, especially since the Republic's small size and openness makes it susceptible to the impact of Covid-19.

Since the Unity Budget was announced on Feb 18, the total number of confirmed Covid-19 cases in Singapore has soared above 600.

Against the uncertainty of the Covid-19 outbreak and a looming recession in Singapore, the government has taken swift and decisive action to offer support to the businesses and households, helping them to re-adjust, be resilient and recover. The Resilience Budget is indeed unique in the areas listed below.