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Parliament passes Fortitude Budget, 4th package of COVID-19 relief measures this year

Jun 05, 2020 | 🚀 Fathership
SINGAPORE: Singapore may take years to recover from the effects of the COVID-19 pandemic, and must work to prevent a "COVID generation" of workers and students in Singapore, said Deputy Prime Minister Heng Swee Keat on Friday as he wrapped up the debate on the Fortitude Budget.

The Budget, which Mr Heng announced on May 26, is the fourth tranche of relief measures to fight the COVID-19 outbreak in Singapore, and will cost the Government S$33 billion.

The measures in the Budget are thus designed not only to respond to the crisis but also to enable Singapore to emerge stronger, by repositioning workers, businesses and the community to respond to major shifts, and seize opportunities in new growth areas, said Mr Heng.

Mr Heng also said that he was inspired to call this budget the Fortitude Budget by Singapore's people and companies.

In the case of Singapore, our fortitude comes too from the strength of our reserves - the financial reserves that I have just spoken about, and just as important, our deep reserves of social capital.