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SINGAPORE – A slew of measures to deal with short-term challenges such as the coronavirus outbreak and long-term economic development were introduced by Deputy Prime Minister Heng Swee Keat on Tuesday (Feb 18).
Immediate measures included a $4 billion package to help firms with cash flow and retain workers, and $1.6 billion for household expenses amid the coronavirus outbreak.
More long-term help included $6 billion set aside to cushion the impact of a future goods and services tax (GST) increase, and $8.3 billion to be spent on growing and transforming the economy over three years.
Here are 10 highlights:
1. GST not going up in 2021
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