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Govt to further distribute $800 mil to firms and individuals affected by tighter measures; no draw on past reserves

Felicia Tan
Felicia Tan5/28/2021 5:32 PM GMT+08  • 4 min read
Govt to further distribute $800 mil to firms and individuals affected by tighter measures; no draw on past reserves
The funds will be funded by a reallocation of spending, says Wong.
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The Singapore government will be distributing a further $800 million to aid firms and individuals through a broadened support package during Phase 2 (Heightened Alert), announced Minister for Finance Lawrence Wong at a virtual doorstop interview on May 28.

Phase 2 (Heightened Alert) takes place from May 16 to June 13, where gatherings are limited to two, and dining in is not allowed at food and beverage (F&B) outlets.

The fund will not be drawn from Singapore’s past reserves. It will be funded by a reallocation of spending, says Wong, who will take a Supplementary Supply Bill at the next parliamentary sitting in July to effect the reallocation.

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