Singapore on Tuesday unveiled a fresh multi-billion-dollar package to help pandemic-battered businesses and fund a vaccination drive, as part of the city-state's annual budget.

The coronavirus has plunged the financial hub into its worst-ever recession, with the crucial aviation and tourism sectors hit particularly hard as global travel ground to a halt.

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Finance Minister Heng Swee Keat announced the new package totalling Sg$11 billion (US$8.3 billion) as he unveiled the budget in parliament.

A substantial chunk will be allocated to helping workers and businesses still affected by the pandemic, including in the travel and aviation sectors.

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More than 40% of the funds will go to financing public health and measures to ensure a safe reopening of the economy, he said.

This includes inoculation efforts -- vaccines are given for free to all residents -- as well as the tracking of people possibly exposed to a coronavirus carrier.

Heng said close to 250,000 people have received their first dose, and 55,000 have had their second jab.

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The latest package of financial aid is on top of the nearly Sg$100 billion rolled out last year.

Singapore's economy, which shrank a record 5.4% last year, has started regaining strength in recent months but Heng warned that the recovery is uneven.

"The global battle against Covid-19 is still far from over. Many places are still experiencing high levels of infection."

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Singapore has had a relatively mild outbreak with nearly 60,000 cases and 29 deaths, and in recent times has recorded very few local transmissions.