Global Trade Alert
Global Trade Alert

Singapore: 3rd round fiscal stimulus to ease the impacts of covid-19 pandemic (Solidarity Budget)

Announcement

05 Apr 2020

In April 2020, Singapore introduced Solidarity Budget amounting S$ 4 billion (USD 2.8 billion) to help the local business in facing the impacts of covid-19 pandemic. 

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Number of interventions

3

2 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

31 Jul 2020

Revocation date:

31 Oct 2020

Updated: 05 Apr 2020
Financial grant

On 5 April 2020, Singapore unveiled the 3rd round of fiscal stimulus under the Solidarity Budget package amounting to S$ 4 billion (USD 2.8 billion). Under this package, Singapore enhanced the ...

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Implementation date

08 Apr 2020

Revocation date:

31 Mar 2021

Updated: 05 Apr 2020
State loan

On 5 April 2020, Singapore passed the Solidarity Budget Package amounting S$ 4 billion (USD 2.8 billion). Under this package, to support the continuity of local businesses, the government of Singap...

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Implementation date

01 Apr 2020

Revocation date:

30 Apr 2020

Updated: 05 Apr 2020
Post-migration treatment

On 5 April 2020, Singapore announced its 3rd round of stimulus package under the Solidarity Budget Package amounting to S$ 4 billion (USD 2.8 billion) for the additional support for local businesse...

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