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With the Covid-19 pandemic and a grim economic outlook, some fortitude is just what we need to overcome the tough times that lie ahead.
Announced by Deputy Prime Minister Heng Swee Keat on May 26, the Fortitude Budget, Singapore’s fourth budget this year, will channel an additional $33 billion towards supporting workers, businesses and families.
With the Unity, Resilience and Solidarity Budgets, close to $100 billion will be spent to help Singaporeans through this crisis.
But let’s focus on what’s important here: the four ways it’s going to help you and your family.
1) Helping with immediate needs
The impact of Covid-19 continues to weigh heavily on workers, with many having their livelihoods affected.
As part of the Fortitude Budget, an additional $800 million will be set aside for the Covid-19 Support Grant which covers eligible Singaporeans and Permanent Residents who have lost their jobs, been placed on no-pay leave for three consecutive months, or had their salaries cut by at least 30 per cent.
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