Budget 2020: Cost of living package, tax rebates, rental waivers among Covid-19 measures, says Heng

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'Never doubt that Singapore has the means to bounce back from this outbreak.'

There will also be support to help firms and workers restructure, train and upgrade in preparation for the eventual upturn.

"With the government's spreadsheet emerging stronger than expected last year, we could see more spending on households through direct cash transfers," he noted, adding that this could help families with costs from the coronavirus, such as buying more medical supplies, or to assist workers in the gig economy.

"Social measures have to be synchronised with the economic measures which affect the ability of businesses to thrive and sustain employment," he said.

 

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