SINGAPORE (The Straits Times/ANN): The Government is working on a second stimulus package as the global coronavirus situation has worsened since the Budget was presented last month, Deputy Prime Minister Heng Swee Keat said on Wednesday (March 11).
Like the existing S$4 billion package announced in the Budget on Feb 18, the additional stimulus will be aimed at helping workers keep their jobs, Heng said.
Heng, who is also Finance Minister, was speaking at a Budget 2020 Roundtable jointly organised by The Straits Times and The Business Times, with OCBC Bank as the presenting sponsor. "Our first priority is the outbreak but, at the same time, we must look at how we can revive the economy," he said, adding that he has been working with the various ministries on what else needs to be done.
"We need to look at this whole model to see how we can strengthen it better, so that when you have a downturn like this, they can be better protected," he added.
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