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Singapore flags $3.5 bln in economic spending to combat coronavirus
Reuters
Last Updated IST
People wear facemasks to try to halt the spread of the COVID-19 coronavirus as they walk through a shopping district on Orchard Road in Singapore. (Credit: AFP Photo)
People wear facemasks to try to halt the spread of the COVID-19 coronavirus as they walk through a shopping district on Orchard Road in Singapore. (Credit: AFP Photo)

Singapore unveiled S$5.1 billion ($3.55 billion) in additional economic spending such as wage support, waiver of levies and one-off payments to combat the coronavirus pandemic.

"This is an unprecedented budget for extraordinary times," Finance Minister Heng Swee Keat told parliament on Monday, just over a week after the city-state unveiled more than $30 billion in new support measures as it braces for its worst recession.

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(Published 06 April 2020, 17:38 IST)