SI STIMULUS PACKAGE - NOT A FREE HANDOUT

SI STIMULUS PACKAGE - NOT A FREE HANDOUT

In a nationwide address on 3 July 2020, the Prime Minister reportedly said:

“Fellow citizens, on the issue of the Economic Stimulus Package, I understand there have been so much debate going on in the media. 

“I would like to make it very clear that the Stimulus package is not a free handout nor is it a package for new start-up businesses.

“I must reiterate that this package is intended to address the immediate negative economic impacts of COVID-19 and this is the highest priority.

“Therefore, the fiscal response require cash injections or other forms of assistance to support sectors, businesses and households directly affected by the crisis to sustain production and boost aggregate demand to keep the economy afloat.”

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