Extended for 1 more month to cover wages in August 2020, bringing total coverage to 10 months of wages (25% to 75% of the first $4,600 of wages for each local employee)
For firms that are not allowed to resume operations, Government will continue providing wage support at 75% until August 2020 or when allowed to reopen, whichever is earlier
Increased support for some affected sectors (e.g. aerospace, retail, marine and offshore) from 25% to 50% or 75%

SGUnited Jobs & Skills Package SGUnited Jobs

SGUnited Traineeships

21,000 traineeships for local first-time job seekers (Applications will open from 1 June 2020)
4,000 traineeships for local mid-career jobseekers to learn new skills and start new careers

SGUnited Skills

Training courses for about 30,000 jobseekers to upgrade their skills while looking for a job
Training allowance of $1,200 per month for course duration (between 6 to 12 months) to cover basic expenses
Rolled out progressively from July 2020

Hiring Incentive

Hiring incentive for employers which hire local workers who have completed eligible traineeship and training programmes
Expanded to cover workers of all ages

Helping With Cash Flow, Costs & Credit Foreign Worker Levy Waiver & Rebate

Extended by up to 2 months for businesses that are not allowed to resume operations after the circuit breaker
100% waiver and $750 rebate in June 2020
50% waiver and $375 rebate in July 2020

Deferment of Higher CPF Contribution Rates

Increase in CPF contribution rates for senior workers deferred by 1 year, from 1 January 2021 to 1 January 2022

Expanding Rental Relief for SMEs

$2 billion in cash grants to help SME tenants with rental costs
Including the Property Tax Rebate for 2020, Government will
Offset 2 months’ rental for qualifying SME tenants of commercial properties
Offset 1 month’s rental for qualifying SME tenants of industrial and office properties

Rental Relief for Government Tenants

Additional rental waivers for commercial and other non-residential tenants of government properties:

Tenant type	Previous	New	Total
Stallholders of hawker centres and markets	3 months	2 months	5 months
Commercial	2 months	2 months	4 months
Industrial, office and agricultural	1 month	1 month	2 months

Financing Support for Promising Startups

So far, $4.5 billion of loans catalysed through Government financing schemes (e.g. Temporary Bridging Loan Programme, Enterprise Financing Scheme)
$285 million of additional financing support for promising startups by co-investing with the private sector
On top of $300 million set aside under the Unity Budget for deep-tech startups

Digital Transformation & Innovation Adopting e-Payments

Bonus of $300 per month over 5 months to encourage adoption of e-payments by stallholders in
Hawker centres
Wet markets
Coffee shops
Industrial canteens

Digital Resilience Bonus

Pilot starting with Food Services and Retail sectors
Payout of up to $5,000 to help businesses digitalise with PayNow Corporate, e-invoicing, business process or e-commerce solutions
Additional payout of $5,000 for businesses that use advanced solutions

National Innovation Challenges

Encourage partnership with the private sector for industryled solutions to reopen Singapore safely

Helping With Immediate Needs COVID-19 Support Grant (CSG)

Additional $800 million set aside for CSG to continue supporting Singaporeans and Permanent Residents (PRs) who need help
Support for Singaporeans and PRs who due to COVID-19
Have lost their jobs;
Are placed on no-pay leave; or
Face significantly reduced salaries
Up to $800 per month for 3 months for eligible recipients

Solidarity Utilities Credit

One-off $100 Solidarity Utilities Credit for each household with at least one Singapore Citizen
Covers all property types
Will be credited in households’ July or August 2020 utilities bills with SP Group
Comes on top of the Solidarity Payment and Care & Support Package

Fostering Digital Inclusion For Students

Accelerated timeline for all secondary school students to own a digital learning device

For Seniors

Seniors Go Digital movement to build digital literacy through one-to-one coaching and small-group learning
Financial support for lower-income seniors to own digital devices

Enhanced Fund-Raising (EFR) Programme

Dollar-for-dollar matching on eligible donations raised between 1 April 2020 to 31 March 2021, capped at $250,000 matching per charity
Additional $100 million top-up to strengthen support for charities

lnvictus Fund

$18 million top-up to help social service agencies maintain services, retain staff, and adopt technology

Fortitude Budget 2020 Summary