WATCH: DPM Heng Swee Keat’s ministerial statement on the Fortitude Budget
Deputy Prime Minister Heng Swee Keat will be delivering his ministerial statement on the fourth budget in Parliament on Tuesday (May 26).
The Government’s fourth budget amid the Covid-19 pandemic will focus on job support for affected workers and look at ways to help the social service sector embrace digitalisation, accelerate transformation and scale up new capabilities.
Mr Heng is expected to deliver his ministerial statement at 3.30pm on Tuesday (May 26). Watch his speech here:
Key announcements:
DPM Heng Swee Keat unveils S$33 billion Fortitude Budget to deal with ‘unprecedented uncertainty’ in next phase of Covid-19 fight S$285m to help promising startups access credit, S$500m to help businesses digitalise Govt defers CPF contribution rate increase for seniors, to mandate landlords to grant rental waivers to help firms Government to subsidise workers’ wages for another month, increase payouts to more sectors Govt seeks to draw another S$31b from past reserves, bringing total drawdown to S$52b to tackle Covid-19 crisis S$2b package to create 100,000 jobs, traineeships and training opportunities
Source: TODAY
