How Asia is budgeting 2020 amid Covid-19 (Keep updating)

Singaporehttps://www.singaporebudget.gov.sg/budget_2020

Deputy Prime Minister Heng Swee Keat unveiled an S$83.6 billion Budget and said  “The world is seeing deep structural shifts today, coupled with near-term concerns over economic uncertainties and the novel coronavirus outbreak… All nations, big or small, will have to devise strategies and mobilise their people to navigate these changes and turbulence.”

Hong Konghttps://www.budget.gov.hk/2020/eng/index.html

Preventing and fighting against the epidemic, as well as deploying resources to alleviate the pressure on enterprises and the general public are our top priority.

  • $30 billion Anti-epidemic Fund – to relieve the burden on those industries and employees in the eye of the storm.
  • disburse $10,000 to Hong Kong permanent residents aged 18 or above, with a view to encouraging and boosting local consumption on the one hand, and relieving people’s financial burden on the other.

 

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