Budget 2020

For today at least, the bigger- than- Covid19 news is DPM Heng Swee Keat’s Budget2020 announcement.

A carefully thought-out budget to tackle both immediate and longer term strategic issues affecting us all.

These are but 5 features that might interest you (lots more) :

  1. Care&Support Package : GST increase (to strengthen our healthcare safety net ) will NOT happen this year

  2. Care&Support Package : Up to $300 Cash for Singaporeans

  3. SkillsFuture Credit Top Ups for those of us above age 25 and more for senior citizens

  4. SkillsFuture Credit Top Ups for Businesses

  5. Jobs Support Scheme - Bosses get one-off support to offset 8% of wages (up to a monthly wage cap of $3,600 per employee) for three months

Learn more on Budget 2020 here:

  1. ChannelNews Asia - 10 things you need to know about Budget 2020

  2. The Straits Times - Singapore Budget 2020: 10 things to know, from cash payout for S'poreans to GST not going up in 2021

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