The Singapore government has on Tuesday (18 Feb 2020) unveiled a slew of measures that will help the country deal with the novel coronavirus (COVID-19) outbreak, as well as address longer-term global challenges and structural shifts.Deputy Prime Minister and Minister for Finance Heng Swee Keat on Feb 18 delivered the Singapore Government’s Budget Statement for Financial Year 2020 in Parliament on Tue, 18 February 2020. Budget 2020 is presented against a backdrop of the on-going COVID-19 outbreak, as well as broader uncertainties in the landscape.There are also long-term structural shifts taking place around the world – a decline in support for globalisation, a shift in economic weight towards Asia, technological disruption, and an ageing population in many countries.The Government said that Budget 2020 measures is aimed at immediate concern is to protect Singaporeans from the risk of a further spread of the COVID-19 virus.
$800 million will be set aside for the Ministry of Health and other ministries to respond to this outbreak. Concurrently, Budget 2020 measures are aimed at concerns on the economy and jobs. Read more >>slotxo