Singapore Budget 2020

PM Lee sees the government running a budget deficit at least through early next year, and perhaps “a while” longer.

On Aug 17, the government announced another $8 billion package to battle the bug, as cracks in Singapore’s economy deteriorate.

“Seven more months of JSS is quite generous and will help tide distressed companies during these challenging times,” observes Selena Ling, who heads the treasury and strategy department of OCBC Bank.

Heng announced that the Singapore government will provide further support for these sectors, “to retain core capabilities and position them for an eventual recovery”.

For these firms, Heng says the government will co-pay up to 25% of salaries of all new Singaporean hires for one year. The co-payment will be subject to a salary limit.

The DPM also reiterated that the government will “continue to protect jobs and create new opportunities” for workers in Singapore.

Nine of 10 analysts polled by Bloomberg through Feb. 13 said the single-most urgent economic need for the budget to address was rapid-response efforts to counter the spread of the virus and to shore up businesses.

taken away. The show was deserted even before the scheduled 6 pm close, a far cry from previous years when organizers would plead with attendees and reporters to leave.