our resilience budget - central provident fund€¦ · supporting businesses enhanced property tax...

SUPPLEMENTARY BUDGET 2020

Supporting Workers, Protecting Livelihoods

❖ JobsSupportScheme(JSS)• Governmentwillhelpemployersbypaying25%ofthefirst$4,600ofmonthlywagesfor

everylocalworkerinemployment,for9months• HighersupportforsectorsmoreaffectedbyCOVID-19,ofupto75%• FirmswillreceivethepayoutsinMay,Jul,andOct2020

❖WageCreditScheme• AdditionalpayoutannouncedatBudget2020tobebroughtforwardfromSeptoend-

June2020

❖ COVID-19SupportGrant• Cashgrantof$800permonthfor3months,forlow-andmiddle-incomeSingaporeans

wholosttheirjobsduetoCOVID-19

❖ TemporaryReliefFund• ProvidefinancialassistanceforfamilieswhoselivelihoodswereaffectedbyCOVID-19and

requireurgenthelp

❖ NTUCCareFund(COVID-19)• Provideone-offreliefofupto$300foreligibleunionmembers

❖ SGUnitedJobs• About10,000jobsavailableoverthenextyear,tofacilitateemploymentforjobseekers

❖ SGUnitedTraineeships• Supportemployersinprovidingtraineeshipstofreshgraduatesenteringthelabour

force,tohelpboostemployabilityfornewgraduates

❖ SkillsFutureCredit• AdvanceuseofSkillsFutureCredittop-upsforselectcourses,from1Apr2020

OUR RESILIENCE BUDGETSupport Workers. Stabilise Businesses. Build Resilience.

SCANFORMOREDETAILS

❖ SEPIncomeReliefScheme(SIRS)• EligibleSingaporeanSEPswillreceive3quarterlycash

payoutsof$3,000eachinMay,Jul,andOct2020

❖ SEPTrainingSupportScheme• Extendedtillend-2020• From1May2020,trainingallowanceenhancedto$10/hour

❖ Point-to-PointSupportPackage• SpecialReliefFundpaymentsof$300pervehicleper

monthforeligibletaxihirersandprivatehirecardrivers,tillend-Sep2020

❖ EnhancedWorkfareSpecialPayment• Benefitsabout50,000lower-incomeSEPs

Supporting Self-Employed Persons (SEPs)

Supporting Families

❖ EnhancedCare&SupportPackage• TriplethecurrentpayoutunderCare&Support–Cashforall

Singaporeansaged21andabovein2020,t0$300,$600and$900• Parents,withatleastoneSingaporeanchildaged20and

belowin2020,willeachreceiveanadditional$300• AllSingaporeansaged50andabovein2020willreceivetheir

$100PAssionCardTop-upincash• Singaporeanslivingin1-roomand2-roomHDBflatswillreceive

$300inGroceryVouchersin2020,and$100in2021• EnhanceWorkfareSpecialPaymentto$3,000incashin2020,

forSingaporeanswhoreceivedWorkfarepaymentsforworkdonein2019

• DoublethegranttoSelf-HelpGroupsto$20mover2020and2021,andincreasethegranttoCommunityDevelopmentCouncilsto$75min2020

❖ GreaterFlexibilityonGovernmentFeesandLoans• NoincreasesinGovernmentfeesandchargesfor1year,from1

Apr2020to31Mar2021• Suspendstudentloanrepaymentsandinterestchargesfor

1year,from1Jun2020to31May2021,forgraduatesofAutonomousUniversitiesandpolytechnics

• SuspendlatepaymentchargesonHDBmortgagearrearsfor3months

SUPPLEMENTARY BUDGET 2020

OUR RESILIENCE BUDGETSupport Workers. Stabilise Businesses. Build Resilience.

SCANFORMOREDETAILS

Supporting Businesses

❖ EnhancedPropertyTaxRebatefor2020• IncreasePropertyTaxRebateforqualifyingcommercialproperties,suchashotels,serviced

apartments,touristattractions,shopsandrestaurants,from15%or30%,to100%• IncreasePropertyTaxRebateforIntegratedResortsfrom10%to60%• Allothernon-residentialpropertieswillreceiveanew30%PropertyTaxRebate

❖ EnhancedRentalWaivers• Increaserentalwaiverfrom1monthto3months,forstallholdersinhawkercentresmanaged

byNEAorNEA-appointedoperators• Increaserentalwaiverfrom0.5monthst02months,foreligiblecommercialtenantsof

Governmentagencies• Allothernon-residentialtenantsofGovernmentagenciesreceive0.5monthsofrentalwaiver

❖ CashFlowSupport• ExpandTemporaryBridgingLoanProgrammetoallsectors,andincreasemaximum

supportedloanto$5m• Increasemaximumloanquantumto$1munderEnterpriseFinancingScheme–SMEWorking

CapitalLoan• Increasemaximumloanquantumto$10mandGovernmentrisk-shareto80%,underEnterprise

FinancingScheme–TradeLoan• Increasesubsidiesforloaninsurancepremiumsto80%underLoanInsuranceScheme

❖ SupportforCapabilityDevelopment• RaisemaximumsupportlevelsforProductivitySolutionsGrantandEnterpriseDevelopment

Grantto80%and90%respectively,tillend-2020• EnhanceSMEsGoDigitaltosupportbothready-to-adoptandadvanceddigitalsolutionsthat

reduceface-to-facecontact• Extendtheenhancedtrainingsupport,comprisinghighercoursefeesubsidiesandabsentee

payrollsupport,tomoresectorsandtillend-2020

❖ ResilienceBuilding• EnhancegovernmentmatchingratiounderSGTogetherEnhancingEnterpriseResilience

(STEER)programme• IntroducefundingsupportforspecialisedcleaningunderSGClean

SUPPLEMENTARY BUDGET 2020

OUR RESILIENCE BUDGETSupport Workers. Stabilise Businesses. Build Resilience.

SCANFORMOREDETAILS

❖ AviationSector• EnhancedJobsSupportSchemeforbusinesseswhose

activitiesarebasedprincipallyintheaviationsector–75%wageoffsetforthefirst$4,600ofmonthlywagesforeverylocalworkerinemployment,for9months

• $350mEnhancedAviationSupportPackagetoprovidecostreliefforairlines,groundhandlersandthecargoindustry,aswellastomaintainaminimumlevelofconnectivity

❖ TourismSector• EnhancedJobsSupportSchemeforhotels,travel

agencies,touristattractions,cruiseterminalsandoperators,andMeetings,Incentives,Conferences,Exhibitions(MICE)venueoperators–75%wageoffsetforthefirst$4,600ofmonthlywagesforeverylocalworkerinemployment,for9months

• $90mfortourismrecoveryeffortstohelpthesectorreboundstronglywhenthetimeisright

❖ FoodServices• EnhancedJobsSupportSchemeforfood&beverages

firms–50%wageoffsetforthefirst$4,600ofmonthlywagesforeverylocalworkerinemployment,for9months

❖ LandTransportSector• SpecialReliefFundpaymentsof$300pervehicleper

monthforeligibletaxihirersandPrivateHireCar(PHC)drivers,tillend-Sep2020

• AdditionalsupportfortaxiandPHCoperators• 1-yearroadtaxrebateand6-monthwaiverofparking

chargesatgovernment-managedparkingfacilitiesforprivatebusowners,todefrayoperatingcost

❖ Arts&CultureSector• $55msupportpackagetosafeguardjobsandretain

capabilities,supportcapabilitydevelopment,andstepupdigitisationefforts

Supporting Affected Sectors

SUPPLEMENTARY BUDGET 2020

OUR RESILIENCE BUDGETSupport Workers. Stabilise Businesses. Build Resilience.

SCANFORMOREDETAILS