SINGAPORE (Reuters) – Singapore unveiled S$5.1 billion ($3.55 billion) in additional economic spending such as wage support, waiver of levies and one-off payments to combat the coronavirus pandemic.
“This is an unprecedented budget for extraordinary times,” Finance Minister Heng Swee Keat told parliament on Monday, just over a week after the city-state unveiled more than $30 billion in new support measures as it braces for its worst recession.
(Reporting by John Geddie, Anshuman Daga and Aradhana Aravindan; Editing by Christian Schmollinger)
