Wage Credit Scheme

Support for Businesses

Singapore Resilience and Solidarity Budgets 2020

21/04/2020
Wage Credit Scheme

Various measures were introduced or enhanced in the Resilience and Solidarity Budgets announced by the Deputy Prime Minister and Minister for Finance, Mr Heng Swee Keat, since 26 March 2020 to help businesses address cash flow, cost and credit issues. There are broad-based measures that are available to all businesses to overcome the immediate challenges posed by the COVID-19 outbreak, as well as measures that are specific to certain sectors which are most directly affected by COVID-19.

In this article, we examine some of the key broad-based and sector-specific measures announced in the Resilience and Solidarity Budgets.  

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