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COVID-19 Budget: Self-employed persons, firms, first time jobseekers to receive more support

SINGAPORE: Self-employed persons, firms and first-time jobseekers will receive more financial support, announced Deputy Prime Minister Heng Swee Keat on Thursday (Mar 26), amid an economic slowdown caused by the COVID-19 outbreak.

This is part of a S$48 billion Resilience Budget to deal with what is likely to be the “worst economic contraction since independence”, said Mr Heng, and follows the S$4 billion Stabilisation and Support Package for workers and firms announced during Budget this year.

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