Tag: Budget 2020

After Lawrence Wong announces ‘strong package’ in Budget 2020, netizens respond with wishlist

Singapore—On Tuesday, (Feb 11), Lawrence Wong, Minister for National Development, announced that the Government is preparing a “strong package” to include in this year’s national Budget in recognition of the economic impact that the Covid-19 virus will have on individuals and businesses. In response to...

SG Budget 2020: Analysts estimate Covid-19 relief package of S$700m

Singapore—The national Budget is scheduled to be announced on Tuesday (Feb 18) with analysts expecting that a virus relief package of at least S$700 million will be included. A senior economist at DBS, Irvin Seah, has been quoted by Reuters as saying, "The latest...

Relief packages, no GST hike and more: Progress Singapore Party makes Budget recommendations

Singapore — The new Progress Singapore Party (PSP) announced its recommendations for Budget 2020 on Wednesday (Feb 12), marking the first time it has released policy recommendations. Deputy Prime Minister and Finance Minister Heng Swee Keat will deliver the Budget Statement in Parliament on Feb...

SG Budget 2020 will support coronavirus fallout, cost of living needs says Indranee Rajah

Singapore—In a February 6 (Thursday) interview on Money FM 89.3, Second Minister for Finance Indranee Rajah announced that this year’s national Budget will include support for firms and citizens financially affected by the novel coronavirus (2019-nCoV) as well as help families with cost of...

DPM Heng: Govt will support firms and workers hit by economic slowdown from Wuhan virus outbreak

Singapore -- The Government will be providing targeted support to sectors that have been directly affected by the Wuhan virus outbreak, according to Deputy Prime Minister and Finance Minister Heng Swee Keat. On Saturday (Feb 1), Mr Heng visited Shangri-La’s Rasa Sentosa Resort & Spa...

MOF confirms Budget 2020 is scheduled for February, fuelling speculation on the timing of the next GE

In a press statement released on Monday (Dec 2), the Ministry of Finance (MOF) confirmed the Budget 2020 is scheduled for presentation in February. MOF indicated the upcoming Budget will focus on "business growth, training and employment, support for families, and support for seniors." It...

Government asks for public feedback for next year’s Budget

Singapore—The Ministry of Finance (MOF), government feedback unit Reach, and the People's Association (PA) issued a joint statement on December 1 that said, "Individuals, households, and businesses are welcome to provide feedback on topics such as business growth, training and employment, support for families,...

PM Lee says 2020 Budget will be “strong, and suitable to the state of the world”

Singapore—At the tail end of his visit to South Korea for the ASEAN-Republic of Korea (ROK) Commemorative Summit, Prime Minister Lee Hsien Loong took a few minutes to talk to the press about next year’s national Budget, saying it would be “strong, and suitable...