Singapore announces 'Solidarity' Budget amid COVID-19

Minister Heng Swee Keat revealed additional wage support and a foreign worker levy rebate for employers

Singapore announces 'Solidarity' Budget amid COVID-19

Singapore’s finance and deputy prime minister today (6 April) revealed additional wage support to help retain employees through the COVID-19-related recession.

During the ‘Solidarity’ Budget speech today, Minister Heng Swee Keat announced a further enhancement to the Jobs Support Scheme – wage support is now applicable to all local employees in all sectors.

The scheme will help offset 75% of the first $4,600 gross monthly pay for each employee, from April till Dec 2020.

The Scheme was first announced during Budget 2020, and recently updated during the ‘Resilience’ Budget.

“I expect firms to make use of the scheme’s support to continue paying their workers, and refrain from putting workers on no-pay leave during the period or, worse, retrenching them,” said Heng.

For the month of April, the government will also waive the foreign worker levy on work permits and S Passes, estimated at $750 based on previous levies paid this year.

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