Support Measures for Phase Two (Heightened Alert) and Phase Three (Heightened Alert)
- The Minister outlined the impact of the Delta variant and Singapore’s calibrated response, including Phase Two and Phase Three (Heightened Alert) measures, which targeted high-risk sectors while allowing most of the economy to operate, leading to a gradual easing of restrictions from mid-June to July 2021.
- A $1.2 billion support package was introduced to aid affected businesses and individuals, featuring enhanced Jobs Support Scheme, rental relief, and temporary income support, funded through reallocating existing Budget 2021 resources rather than drawing on past reserves.
- Singapore’s fiscal approach emphasizes sustainability, with SMEs receiving targeted support such as extended loan schemes, and the government committed to accelerating vaccinations, reopening borders safely, and investing in digitalization and green initiatives for post-pandemic recovery.