The government is setting aside another $48 billion to help Singapore deal with Covid-19. What are your thoughts? - Seedly
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Anonymous

Asked on 26 Mar 2020

The government is setting aside another $48 billion to help Singapore deal with Covid-19. What are your thoughts?

This is on top of the $6.4 billion announced earlier.

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Brandon Ho
Brandon Ho, Community Lead at Seedly
Level 6. Master
Answered on 27 Mar 2020

Hi Anon,

We've already got a question thread regarding this topic here, do check it out!

Just to summarise some of the sentiments on the other question thread, the S$48 billion that was drawn from Singapore's reserves is definitely needed to help cushion the economic impact of the virus on Singapore's economy. Whether or not the Resilience Budget is enough is yet to be seen, but the swift response from the government so far has been encouraging, and we know that they won't hesitate to draw more from the reserves if required.

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