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Singapore Budget 2021: 6 things to look out for on Feb 16

Singapore economy could have contracted 12 4% if not for COVID-19 Budget measures: MAS estimates

Singapore households got $2,000 per member from COVID-19 measures on average

Singapore households got $2,000 per member from COVID-19 measures on average SINGAPORE Singaporean households received about $2,000 per member on average from COVID-19 measures introduced, according to a Ministry of Finance paper released on Thursday (11 February). Titled “An Interim Assessment of the Impact of Key COVID-19 Budget Measures”, the paper looks at the relief measures from the five Budgets in 2020 during the COVID-19 pandemic totalling almost $100 billion. The measures benefitting Singaporean households refer to the Care and Support Package (CSP), Self-Employed Person Income Relief Scheme (SIRS), COVID-19 Support Grant (CSG) and Temporary Relief Fund (TRF). Lower income households and those living in smaller HDB flat types received more support.

540,000 people, 14,000 businesses benefited from SkillsFuture initiatives last year

540,000 people, 14,000 businesses benefited from SkillsFuture initiatives last year Toggle share menu Advertisement 09 Feb 2021 04:20PM (Updated: 09 Feb 2021 04:20PM) Share this content Bookmark SINGAPORE: About 540,000 individuals and 14,000 enterprises benefited from SkillsFuture Singapore-supported initiatives in 2020, the agency said on Tuesday (Feb 9). This in an increase from the 500,000 individuals and 14,000 companies who benefited in 2019. More than 188,000 Singaporeans also utilised their SkillsFuture credit last year, up from about 156,000 in 2019. Advertisement Advertisement A survey from the Training Quality and Outcomes Measurement system showed that SkillsFuture-funded training continued to “receive positive response” last year. About 87 per cent of the 57,000 respondents said they were able to perform their work better after undergoing such training, a slight improvement from 86 per cent in 2019.

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