News: Third round of support measures to be announced under new “Solidarity Budget”

Apr 6, 2020

Third support measures will be known as the Solidarity Budget and will be announced by Finance Minister Heng Swee Keat today. 

Finance Minister Heng Swee Keat is set to announce the third round of support measures when the Parliament sits today (6 April) to help workers, businesses and households tide through the difficulties brought by the Covid-19 outbreak.

In a Facebook post on 5 April, Heng noted that the pandemic “has taken a very sharp turn, both globally and locally”.

And while schools and most workplaces are closed for a month for the “first time in our history” to prevent the spread of the disease, and strong measures have been introduced, the minister also recognizes that the economy “has taken a hit as a result.”

“Tomorrow will mark the third round of support measures in less than two months — coming after the Unity Budget on 18 February and the Resilience Budget on 26 March. This too is another first,” he said.

Heng, who also serves as Deputy Prime Minister, named the third support measures as the Solidarity Budget and calls Singaporeans to “remain steadfast” and stand in solidarity with one another, reported CNA.

“Unity, resilience, solidarity — these values will come to define who we are as a people,” noted Heng.

He believes the crisis will forge and renew the bond that binds Singapore as a nation and acknowledges the earlier generations for saving up and building a strong foundation upon which Singapore depends these days for the protection of its people and their businesses.

In what he called as the “defining chapter of our generation”, Heng is confident that Singapore will survive and emerge stronger together.

“When the storm eventually subsides, as all storms do, I am confident that as a stronger society, we can build an even better future for our children and our grandchildren,” he concluded.

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Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email victorkang@propertyguru.com.sg

 

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