Singapore allocates 33 billion dollars to support the declining economyVisits : 13

Singapore allocates 33 billion dollars to support the declining economy

Singapore decided to allocate 48 billion Singapore dollars (33.17 billion dollars) to support companies and families, after preliminary official estimates showed that the economy in Southeast Asia shrank more than expected during the first quarter.

The Deputy Prime Minister and Minister of Finance of Singapore, "Heng Soi Kate", said during a speech before Parliament, on Thursday, that this represents a historic and necessary package in response to a unique situation, quoting the "CNBC" America.

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