Annual Amount of Subsidies and Other Support Provided to Businesses in Past Three Years

Debated in Parliament on 12 Sep 2022.

Summary written by AI (learn more)

Liang Eng Hwa asked for the annual amounts of subsidies, support, and government-backed financing given to businesses over the past three years.
Lawrence Wong stated that significantly more support was provided in 2020 and 2021 due to COVID-19 compared to 2019, and presented a table with the breakdown.
The debate centered on the scale of government financial assistance to businesses across the three-year period, highlighting the impact of the pandemic.

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Liang Eng Hwa

Mr Liang Eng Hwa asked the Deputy Prime Minister and Minister for Finance in the past three years (a) what is the annual amount of public funds provided by the Government to businesses in the forms of subsidies and support; and (b) what is the amount of Government-backed financing extended to businesses.

Lawrence Wong

The Government provided significantly more support to businesses in 2020 and 2021 due to COVID-19, than in 2019 before COVID-19. Table 1 below provides the breakdown for the past three years.

Summary written by AI (learn more)

Liang Eng Hwa asked for the annual amounts of subsidies, support, and government-backed financing given to businesses over the past three years.
Lawrence Wong stated that significantly more support was provided in 2020 and 2021 due to COVID-19 compared to 2019, and presented a table with the breakdown.
The debate centered on the scale of government financial assistance to businesses across the three-year period, highlighting the impact of the pandemic.

Questions identified by AI (learn more)

Annual Amount of Subsidies and Other Support Provided to Businesses in Past Three Years | PAPERCUTS

Annual Amount of Subsidies and Other Support Provided to Businesses in Past Three Years

Debated in Parliament on 12 Sep 2022.

Summary written by AI (learn more)

Liang Eng Hwa asked for the annual amounts of subsidies, support, and government-backed financing given to businesses over the past three years.
Lawrence Wong stated that significantly more support was provided in 2020 and 2021 due to COVID-19 compared to 2019, and presented a table with the breakdown.
The debate centered on the scale of government financial assistance to businesses across the three-year period, highlighting the impact of the pandemic.

Questions identified by AI (learn more)

Full Transcript

Liang Eng Hwa

Lawrence Wong

The Government provided significantly more support to businesses in 2020 and 2021 due to COVID-19, than in 2019 before COVID-19. Table 1 below provides the breakdown for the past three years.

Summary written by AI (learn more)

Liang Eng Hwa asked for the annual amounts of subsidies, support, and government-backed financing given to businesses over the past three years.
Lawrence Wong stated that significantly more support was provided in 2020 and 2021 due to COVID-19 compared to 2019, and presented a table with the breakdown.
The debate centered on the scale of government financial assistance to businesses across the three-year period, highlighting the impact of the pandemic.

Questions identified by AI (learn more)

Annual Amount of Subsidies and Other Support Provided to Businesses in Past Three Years

Summary

Questions Identified

Full Transcript

Liang Eng Hwa

Lawrence Wong

Summary

Questions Identified

Annual Amount of Subsidies and Other Support Provided to Businesses in Past Three Years

Summary

Questions Identified

Full Transcript

Liang Eng Hwa

Lawrence Wong

Summary

Questions Identified