Support for businesses and households are slated to feature prominently in Singapore’s first Budget for 2021 as the economy continues to pull through the havoc wreaked by the Covid-19 crisis.

Selena Ling, who heads the treasury research and strategy department of OCBC Bank expects  “continued but recalibrated support for the hardest-hit industries including aviation and hospitality-related [sectors]”.

However, she says less support may be given out to sectors such as manufacturing which have been seeing a gradual recovery.

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