Home News Budget 2021

Government injects additional $11 bil in Covid-19 relief measures; GST hike to come between 2022 to 2025

Amala Balakrishner
Amala Balakrishner2/16/2021 03:37 PM GMT+08  • 7 min read
Government injects additional $11 bil in Covid-19 relief measures; GST hike to come between 2022 to 2025
Dubbed the ‘Emerging Stronger Together’ Budget, the additional measures builds on the support unveiled in 2020’s Budget packages.
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Singapore will have another $11 billion in relief measures to help Singaporeans and local businesses tide through the Covid-19 storm which has panned out to be the republic’s worst recession on record.

Dubbed the ‘Emerging Stronger Together’ Budget, the additional measures announced on Feb 16 builds on the support unveiled across the five Budget packages released in 2020.

Collectively, last year’s measures amounted to nearly $100 billion, or close to 20% of Singapore’s Gross Domestic Product (GDP).

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