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Ministerial statement: Lawrence Wong on support measures for Phase 2 (Heightened Alert)

Extra support measures for individuals and businesses affected by tightened COVID-19 curbs will be funded through Budget reallocations, details of which were given by Finance Minister Lawrence Wong in Parliament on Monday (Jul 26). He also told the House that the latest period of heightened alert is not expected to derail Singapore’s economic recovery. With 70% of economic activity in outward-oriented sectors, Singapore should stay on track for 4-6% growth this year, though there is uncertainty over the potential impact of the Delta variant on major global economies and external demand.

Ministerial statement: Lawrence Wong on support measures for Phase 2 (Heightened Alert)

26 Jul 2021 06:20pm

Extra support measures for individuals and businesses affected by tightened COVID-19 curbs will be funded through Budget reallocations, details of which were given by Finance Minister Lawrence Wong in Parliament on Monday (Jul 26). He also told the House that the latest period of heightened alert is not expected to derail Singapore’s economic recovery. With 70% of economic activity in outward-oriented sectors, Singapore should stay on track for 4-6% growth this year, though there is uncertainty over the potential impact of the Delta variant on major global economies and external demand.

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