Singapore’s Vice Premier Wang Ruijie further announced 8 billion Singapore dollars (5.8 billion US dollars) of economic support measures to alleviate the impact of the new epidemic, including extending salary subsidies, providing assistance to the aviation industry and catering industry. Wang Ruijie, who is also finance minister, said in a speech broadcast on Monday that the new round of measures is nearly three months after the introduction of the previous aid program, increasing the total size of Singapore’s aid program to nearly S $100 billion. He said that although Singapore had brought the epidemic under control, the global economy was still “very weak.”. “We have to continue to adapt to the rapidly changing environment,” says Wang. Our measures are flexible and can be adjusted as the crisis evolves. Some of the measures will come to an end soon. ” < / P > < p > abolish property tax on seriously affected industries, provide salary support for enterprises, freeze government fees, and estimate the deficit of fiscal year 2020 to be 7.9% of GDP. On April 6, 5.1 billion yuan was extended for wage subsidies and tax exemption for foreign workers; cash payments were increased; and the fiscal deficit forecast for fiscal year 2020 was raised to 8.9% of GDP. On April 21, 75% of the salary subsidy was extended to all enterprises, exempting may foreign labor tax, and announced to provide enterprises with a foreign labor tax rebate of S $750 per foreign worker < / P > < p > on May 26, 33 billion We will extend the foreign labor tax and foreign labor tax rebate for two months, extend the salary subsidy of some enterprises to August, and increase the proportion of salary support to 50% or 75% < / P > < p > 8 billion on August 17 To extend the salary subsidy originally planned to expire in August 2020 to March 2021; allocate SGD 187 million to the aviation industry < / P > < p > Wang Ruijie said that the latest round of measures does not require additional use of past reserves beyond the approved scope. Unused spending in the earlier budget will finance these measures, reducing the government’s forecast deficit for the current fiscal year by S $100 million to 74.2 billion since the announcement of the fourth plan in May. < p > < p > with the economy in a technical recession and months of travel restrictions making it difficult for the retail and catering industries to recover, further bail-out measures are considered necessary, and officials have warned that further layoffs are likely to occur before the end of the year. < p > < p > data shows that the economy shrank by 42.9% year-on-year in the second quarter, a record; Chen Zhensheng, Minister of trade and industry of Singapore, warned that infection and interference may occur repeatedly.