Sectors directly affected by the virus outbreak – such as tourism, aviation and retail – will also receive targeted help in Singapore’s budget. Photo: EPA
Singapore unveils US$4.6 billion economic boost in budget to battle coronavirus outbreak
- The funds will go towards health care and helping businesses and households, with the country set to post its biggest budget deficit since 1997
- The mix of sweeteners and financial support suggests a general election is on the cards for 2020 despite the gloom caused by the virus, says one analyst
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Coronavirus Singapore
Sectors directly affected by the virus outbreak – such as tourism, aviation and retail – will also receive targeted help in Singapore’s budget. Photo: EPA