[ad_1]
Deputy Prime Minister Heng Swee Keat will not unveil a new round of support measures when he makes a ministerial statement in Parliament tomorrow, but will talk about how resources will be allocated to finance the measures already announced.
He reiterated this in a Facebook post yesterday, when he noted that the announcement about the ministerial statement had prompted questions about whether there would be an upcoming round of measures.
In his post, Heng said the main purpose of his statement will be to provide the context for the supplementary supplies bill to be tabled in Parliament.
The third such bill to be introduced this year will reallocate resources for measures announced on August 17 to help companies and workers overcome the economic disruption caused by the Covid-19 pandemic.
Parliament will debate the bill and these measures, which amount to about $ 8 billion.
Heng, who is also the Coordinating Minister for Economic Policies and Minister of Finance, said yesterday: “At this stage of the crisis, my team and I are fully committed to supporting our workers and companies by refining our policies, expanding the scope and improving the implementation, to make the most of the $ 100 billion committed to fight Covid-19.
We hope that companies and workers can make the best possible use of the measures that have been committed.
On Friday, Heng had met with some small and medium-sized companies, as well as union leaders and professional trainers, with Labor Chief Ng Chee Meng.
Heng said these meetings “have given us a better idea of the pain points of job applicants and companies, opportunities for collaboration in the coming months and new ideas that we can develop for Budget next year.”
He added that the government would work closely with companies to help them stay viable and keep workers employed.
The government has committed about $ 100 billion in four budgets and a new round of support in August, to help businesses, workers and households overcome the coronavirus crisis.
TOTALLY COMMITTED
At this stage of the crisis, my team and I are fully committed to supporting our workers and companies by refining our policies, expanding scope, and improving implementation, to make the most of the $ 100 billion committed to fight Covid-19. . We hope that companies and workers can make the most of the measures that have been committed.
DEPUTY PRIME MINISTER HENG SWEE KEAT, who is also the Coordinating Minister for Economic Policy and Minister of Finance.
Among the key measures announced in August are adjustments to the Employment Support Program, which was intended to help employers fund up to 75 percent of the first $ 4,600 of gross monthly salary paid to each local employee, for 10 months until August 2020.
The measures have extended wage support until March next year, staggered according to how quickly each sector is expected to recover.
Additionally, the Covid-19 support grant, introduced in May to help Singaporeans who have been laid off or suffered a significant loss of income, was extended through December.
Mr. Heng had said that the measures would be funded by reallocation of money from other areas, such as development spending that was delayed due to Covid-19.
[ad_2]
