Ministerial statement: Lawrence Wong on COVID-19 support measures amid heightened alert
05 Jul 2021 04:11pm
Extra support measures to help people and businesses cope with the COVID-19 heightened alert in Singapore are expected to cost S$1.2 billion and this will be funded by reallocating money from other areas of spending, said Finance Minister Lawrence Wong in Parliament on Monday (Jul 5). He also said that to help companies - especially SMEs - manage cash flow, two financing schemes will be extended for another six months. Mr Wong noted that reopening Singapore’s borders is vital to economic recovery, but this cannot be done before the country reaches high enough vaccination levels.