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As announced by Deputy Prime Minister and Minister for Finance, Mr Heng Swee Keat, in the Resilience Budget on 26 March 2020, Solidarity Budget on 6 April 2020 and Fortitude Budget on 26 May 2020, IRAS will be implementing a series of support measures to ease cash flow for taxpayers.
Feb 16, 2021 · To address the economic uncertainties brought about by COVID-19, Deputy Prime Minister and Minister for Finance Heng Swee Keat announced that $11 billion will be set aside in Budget 2021 for the COVID-19 Resilience Package. The Package will focus on three prongs: Safeguarding public health and re-opening safely.
Subsequently, DPM Heng introduced the Resilience Budget on 26 March 2020, the Solidarity Budget on 6 April 2020, the Fortitude Budget on 26 May 2020, the Ministerial Statement on 17 August 2020, and the Ministerial Statement on 5 October 2020.
Government will help employers by paying 25% of the first $4,600 of monthly wages for every local worker in employment, for 9 months. Higher support for sectors more affected by COVID-19, of up to 75%. Firms will receive the payouts in May, Jul, and Oct 2020. Wage Credit Scheme.
Mar 26, 2020 · The Jobs Support Scheme will be extended. The Government will co-fund nine months of wages - 75% in April and May, and up to 75% for the remaining months. In heavily impacted industries like air transport, tourism and food services, firms will receive higher co-funding at 50% to 75% of wages.
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Build our collective resilience to bounce back stronger from setbacks. Find out how Budget 2023 can support you here or visit www.singaporebudget.gov.sg for the full speech. Support For You Calculator
The Resilience Budget highlights the Government’s continued focus on transformation of the economy and businesses, looking ahead to not only cushion the economic impact of COVID-19 but also implementing measures that ensure businesses are ready to seize future growth opportunities when the economy begins its recovery.
The broad-based Resilience Budget features enhancements to existing schemes, grants, rebates and financial assistance announced in the Unity Budget, as well as new initiatives targeted at specific worker segments and industries.
Mar 27, 2020 · SINGAPORE — The S$48 billion Resilience Budget unveiled in Parliament on Thursday (March 26) — which means the Government requires the President’s approval to draw down S$17 billion of...
