Singapore Solidarity Budget 2020

Deputy Prime Minister Heng Swee Keat recently announced a third round of enhanced support measures to help tide businesses, workers, and households through the COVID-19 outbreak. The new "Solidarity Budget" follows the Unity Budget announced on February 18th and the Resilience Budget on March 26th respectively.

The Solidarity Budget is aimed at saving jobs and protecting livelihoods during the four weeks whereby schools and non-essential businesses are closed as part of the government's “circuit breaker” distancing measures. 

Presented below are the key takeaways for businesses.