- April 6, 2020
- Posted by: avantconsulting
- Categories: Singapore Economy, SME Loans
Solidarity Budget to be announced 6th April 2020 – The government of Singapore has since implemented a soft lockdown that will allow only essential services to continue running to curb the spread of Covid-19 virus in Singapore.
With most businesses in the service line and other sectors badly hit by this, the Deputy Prime Minister Mr Heng Swee Keat will be announcing a third budget to support Singaporeans and SMEs through the Solidarity Budget.
Find out more information here: https://www.straitstimes.com/singapore/third-round-of-budget-measures-to-help-singapore-through-covid-19-situation-to-be-rolled
As quoted in the Straits Times article:
“I am therefore naming this set of measures to tide us through the ‘circuit breaker’ the Solidarity Budget.”
The new set of measures follows a nearly $55 billion package from the Feb 18 Unity Budget and March 26 Resilience Budget aimed at protecting jobs, helping enterprises with immediate challenges, and strengthening economic and social resilience so Singapore can emerge intact and stronger.
“Unity, Resilience, Solidarity – these values will come to define who we are as a people,” said Mr Heng, who called the fight against Covid-19 the defining chapter of this generation.
Once the budget is up, we will share more updates in this space.
Avant Consulting Pte Ltd will be working closely with our clients through out this lock down period so that we may still assist our customers in getting their needed Singapore Business Loans and also their mortgage loans. If you require to defer your mortgage loans, please follow our next article to get the links on their mortgage loans deferment from each of the banks.