PRIME Minister Lee Hsien Loong has described the $20.5 billion Resilience Package as a 'very decisive Budget' that aims to help see Singaporeans through the difficult economic times ahead.

'We know that things are going to be tough. And the Budget is crafted with this scenario in mind, knowing that we are going to have a tough time, and not expecting (things) suddenly to turn around just because we've had the Budget,' he said on Monday.

PM Lee was speaking to reporters after visiting the Tuas plant of pharmaceutical giant GlaxoSmithKline to distribute hongbao and thank those working on the first day of the Chinese New Year, something he has done every year.