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Singapore announces $33 billion stimulus to support coronavirus-hit economy

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SINGAPORE : Singapore on Tuesday announced another SGD 33 billion (USD 23.2 billion) supplementary Budget, aimed primarily at helping workers and businesses to tide over the COVID-19 crisis and the bleak economic outlook ahead.

The deadly virus has so far infected 32,343 people and claimed 23 lives in Singapore. Deputy Prime Minister Heng Swee Keat said the Fortitude Budget, fourth in less than four months, sets aside SGD 2.9 billion to extend job protection, including enhancements to the Job Support Scheme that co-pays salaries to help firms retain workers.

It also provides for the SGD 3.8 billion that went towards measures announced on April 21 to tide Singaporeans over the four-week extension to the 'circuit breaker' to control the

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