Singapore Finance Minister announced the additional support package worth $ 1.2 billion to help companies and workers affected by the latest limited measures due to spike infections. Lawrence Wong Finance. (Photo: MCI / VNA) at this National Assembly Meeting of this presentation, Singapore Finance Minister Lawrence Wong announced an additional support package worth $ 1.2 billion (about 900 million USD) to help public The company and workers are affected by the latest limited measures that are imposed on June 16-14, due to a sudden increase in Covid-19 cases of unknown sources in the community
. This is paid through the redistribution of funds, without having to withdraw from the national reserve. According to VNA reporter in Singapore, half of the additional support package will be paid from the original funds For projects of deep tunnel drainage systems and North-South corridors. Inside, Singapore will borrow to finance these projects, under the Government's Lending Act on an important infrastructure Loan to finance long-term infrastructure
The rest will be redistributed from the development spending fund that has not been used out, mainly due to the delay of projects arising from Covid-19.Inlay out, set Chief Wong also announced its 6-month extension (from October 1, 2021 to March 31, 2022) for a temporary GROW LOAN PROGRAM and a strengthened corporate sponsor program, to help businesses Small and medium to overcome cash flow problems when they prepare to enter the "new normal state." Previously, on May 28, the Singapore government also gave other support measures to help Enterprises and employees are most affected by recent restrictions, including expanding job support schemes (JSS) for dining stores, gyms and technical performances Arts ... Enterprises continue to be reduced for rent. At the same time, the Singapore government also gave a targeted assistance to taxi drivers, private cars and freelance workers. Minister Wong said that Singapore is currently in a relatively good position to deal with Covid-19 pandemic, with the economy is gradually improving, the ability to test and trace strongly, as well as the vaccination program is achieving good progress. He said that the number of cases continued to decline as currently Now, Singapore is expected to be further opened from July 12 to. Singapore Association will discuss this additional support package on July 26 to
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