SINGAPORE: The Resilience Budget, coupled with the Unity Budget announced earlier, amounted to a stunning S$55 billion, equivalent to 11 per cent of Singapore’s GDP.
The S$48 billion Resilience Budget was unique in two aspects – it came just five weeks after the Feb 18 announcement of the Unity Budget 2020, and secondly, requires a draw on past reserves to fund it.
Advertisement Advertisement These are extraordinary measures in extraordinary times. But the COVID-19 pandemic has proven to be