Tag: Fortitude Budget

President Halimah Yacob green lights funding S$33 billion worth of coronavirus support packages

Singapore—On Tuesday (June 16) President Halimah Yacob gave the go-signal for funding coronavirus support packages worth a total of S$33 billion. Of this amount, S$31b may come from the country’s reserves, according to straitstimes.com. Madam Halimah wrote in a Facebook post that she exercised her...

WP’s Pritam Singh calls for economic breaks for companies providing upskilling for mid-career Singaporeans

Singapore—The Secretary-General of the Workers’ Party (WP), Pritam Singh, has called for rebates and reliefs for firms that provide upskilling for mid-career Singaporeans that have been affected by the present economic crisis. Speaking on the Fortitude Budget on June 5 in Parliament, the WP leader...

DPM Heng Swee Keat: Planned increase in GST needs to be done by 2025

Singapore -- The planned increase in the Goods and Services Tax (GST) is set to happen by 2025, as it cannot be put off indefinitely, said Deputy Prime Minister and Finance Minister Heng Swee Keat in Parliament on Friday (June 5). Mr Heng highlighted the...

Faisal Manap: Did in-principle President Halimah Yacob know the exact amount of our reserves?

UPDATE (as of June 10, 5.50pm) :  DPM Heng addressed the following points in the Fortitude Budget Debate Round-Up Speech on 5 June 2020: C17. Mr Faisal Manap and Mr Dennis Tan asked if the President was given information on the amount available in the reserves when the Government...

S$23,225 budgetary support per capita? Tin Pei Ling urged to explain figure

Singapore -- There has been an uproar over a speech in Parliament by People's Action Party MP Tin Pei Ling, during which she said: "If we look at the relief per citizen or PR, Singapore tops the chart at S$23,225 per capita." Ms Tin, who...

Lim Tean: S$33 billion Fortitude Budget not as impressive as it looks

Singapore -- Commenting on the Government's S$33 billion Fortitude Budget, which adds to three earlier budgets aimed at helping businesses and individuals suffering from the impact of the Covid-19 pandemic, opposition People’s Voice party chief Lim Tean has queried the amount mentioned because it...

Heng Swee Keat: S’pore’s financial position will be a lot weaker in years to come

Singapore -- The country's financial position will be a lot weaker in the years to come, according to Deputy Prime Minister Heng Swee Keat an interview with CNA on Wednesday (May 27). Mr Heng, who is also Finance Minister, said the economic fallout from the Covid-19  pandemic...