'Emerging Stronger Budget' to give more support to businesses and households

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.