Home News Covid-19 Fortitude Budget

Government injects additional $33 billion in Covid-19 relief measures, with focus on jobs

Amala Balakrishner
Amala Balakrishner5/26/2020 03:49 PM GMT+08  • 3 min read
Government injects additional $33 billion in Covid-19 relief measures, with focus on jobs
“This a landmark package and a necessary response for this unprecedented crisis,” says DPM Heng
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SINGAPORE (May 26): Singapore is injecting another $33 billion in relief measures to help Singaporeans and local businesses tide through the Covid-19 storm that has panned out to be the republic’s biggest crisis since independence.

Dubbed the Fortitude Budget, the additional measures announced on May 26 will build on measures unveiled earlier in the Unity Budget on Feb 18, the Resilience Budget on Mar 26 and the Solidarity Budget on Apr 6, just the before the circuit-breaker measures kicked in.

Together, the total relief measures doled out by the government to cushion the impact of the Covid-19 outbreak now amounts to $92.9 billion – or some 20% of Singapore’s Gross Domestic Product (GDP).

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