SINGAPORE (Feb 21): Going simply by dollars and cents, Budget 2020’s centrepiece is the huge $6.4 billion package to help tackle the economic fallout following the coronavirus outbreak and lingering economic weakness from the previous year.

Of the $6.4 billion, $4 billion is allocated to a Stabilisation and Support Package to give targeted help to sectors and workers so that they can stay viable as the economy powers through the coronavirus outbreak. Another $1.6 billion is allocated to households to defray their costs of living and $800 million is dedicated to the frontline staff in the healthcare industry.

Specifically, the Stabilisation and Support Package is meant to benefit the tourism, aviation, food and beverage services, retail and point-to-point transportation companies and workers. These sectors are deemed as the most affected amid the coronavirus outbreak in Singapore, especially after Singapore has placed a travel ban on China visitors.

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