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Dear Editors, Deputy Prime Minister (DPM) and Minister for Finance, Mr Lawrence Wong, has announced a $1.5 billion support package to provide targeted and immediate relief for lower-income and more vulnerable groups. The package will also extend more help for local companies in their enterprise and workforce transformation. This builds on the support measures announced in Budget 2022 and April 2022. The package will be funded from the better-than-expect fiscal outturn in FY2021, and there is no further draw on Past Reserves. Please find attached the press release, translated terms and infographics, for immediate reporting.
Ministry of Finance