The New Paper
TNP ILLUSTRATION: CHNG CHOON HIONG
The main points in Singapore s recovery plan from the Covid-19 crisis
1 BOOSTING COVID-19 DEFENCES
An $11 billion Covid-19 Resilience Package will focus on immediate and ongoing recovery efforts to tackle the pandemic.
Of this sum, $4.8 billion goes towards public health and safe reopening measures, including testing, clinical management and contact tracing, and vaccination for everyone living in Singapore.
Another $700 million goes to extending the Jobs Support Scheme to help firms retain workers, but support will gradually taper off. The hardest-hit sectors, such as aviation and tourism that now get 50 per cent wage support, will see this lowered to 30 per cent for April to June, and 10 per cent for July to September. Sectors like food services and retail, currently getting 30 per cent support, will see this reduced to 10 per cent for April to June.
Published: 17 February 2021
A S$700mn extension to the Jobs Support Scheme, deeper investments in businesses, and more - these are some of the things HR, employers and employees can look forward to in the next few years, as part of Singapore s Budget 2021 initiatives.
Deputy Prime Minister, Coordinating Minister for Economic Policies and Minister for Finance Heng Swee Keat delivered his #SGBudget2021 speech in Parliament on Tuesday (16 February), putting forth a slew of measures to be undertaken to help Singapore build resilience and emerge stronger post-pandemic.
Measures announced in the Emerging Stronger Together Budget 2021 include a six-month extension on the Jobs Support Scheme, enhanced salaries for healthcare workers, additional funding for the Jobs Growth Incentive to encourage local hires, and more.
Budget 2021: Support for low-wage workers, lower-income families, children with special needs and charities Toggle share menu
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A block of flats in Singapore. (Photo: Marcus Mark Ramos)
18 Feb 2021 03:12PM) Share this content
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SINGAPORE: Measures to strengthen the “social compact” and support Singaporeans who have been more badly affected by the COVID-19 pandemic were announced by Deputy Prime Minister Heng Swee Keat on Tuesday (Feb 16).
“To strengthen our social compact, we must work together to address the challenges faced by the more vulnerable members of our society,” he said in his Budget speech, highlighting lower-wage workers, lower-income families and children with special needs as groups that need more support.