Ministerial statement: Heng Swee Keat on S$33b COVID-19 Fortitude Budget

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Ministerial statement: Heng Swee Keat on S$33b COVID-19 Fortitude Budget

(Updated: )

A fourth round of measures to help people and businesses get through the COVID-19 crisis was unveiled by Deputy Prime Minister and Finance Minister Heng Swee Keat in Parliament on Tuesday (May 26). The S$33 billion Fortitude Budget takes the total amount of support set aside to S$92.9 billion - nearly 20% of GDP. The key steps being taken include extending wage support, creating more jobs and facilitating digital transformation of companies. Households with at least one Singapore citizen will also get a one-off S$100 utilities credit to thank them for staying home during the circuit breaker.

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