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Home News Covid-19 Resilience Budget

Singapore to spend $15.1 bil to support local workers, retain jobs

Amala Balakrishner
Amala Balakrishner • 2 min read
Singapore to spend $15.1 bil to support local workers, retain jobs
As the coronavirus outbreaks worsens, the government will now raise its co-funding of wages for local workers to 25%, with additional support given to the sectors that have been hit the hardest.
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SINGAPORE (Mar 26): More help will be given to companies and employees feeling the weight of Covid-19 as the government introduces more measures to save jobs, support workers and protect livelihoods.

Announced by Deputy Prime Minister and Finance Minister Heng Swee Keat on Thursday, the Resilience Budget will see the government enhancing and extending the Jobs Support Scheme, which was first introduced in his Budget speech on Feb 18.

The total support will now amount to $15.1 billion for over 1.9 million employees.

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