Resilience Budget 2020 Summary

Deferment of Income Tax Payments

• Automatically defer income tax payments for 3 months, for companies and self-employed persons (SEPs)
  • Companies: deferment of payments due in April to June 2020
  • SEPs: deferment for payments due in May to July 2020

Freeze All Government Fees & Charges

• Freeze all government fees and charges for 1 year, from 1 April 2020 to 31 March 2021

Enhanced Property Tax Rebate for 2020

• 100% rebate for qualifying commercial properties¹
• 60% rebate for the Integrated Resorts
• 30% rebate for other non-residential properties

¹ Includes hotels, serviced apartments, tourist attractions, shops, and restaurants

Enhanced Rental Waivers

• 3 months’ rental waiver for hawkers
• Up to 2 months’ rental waiver for commercial and other non-residential tenants in government properties

Enterprise Financing Scheme (EFS)

• Maximum loan quantum of EFS-Trade Loan increased from $5m to $10m and Government’s risk-share raised to 80%
• Maximum loan quantum of EFS-SME Working Capital Loan increased from $0.6m to $1m

Loan Insurance Scheme

• Subsidy for loan insurance premium raised to 80%

Temporary Bridging Loan Programme

• Expanded to cover all sectors and maximum supported loan raised from $1m to $5m

Aviation Sector

• Enhanced Jobs Support Scheme for airlines, airport ground handlers, and airport operator with 75% wage offset, up to monthly wage cap of $4,600
• $350m to provide cost relief for the sector and maintain a minimum level of connectivity

Tourism Sector

• Enhanced Jobs Support Scheme for hotels, travel agents, tourist attractions, cruise operators, and MICE venue operators with 75% wage offset, up to monthly wage cap of $4,600
• $90m for tourism recovery

Land Transport Sector

• Enhanced Point-to-Point Support Package
  • Special Relief Fund payments of $300 per vehicle per month extended till September 2020
• Private Bus Owners
  • 1-year road tax rebate and 6-month waiver of parking charges at government-owned parking facilities

Arts & Culture Sector

$55m support package to:

• Provide additional support to major companies and leading arts groups
• Enhance the National Arts Council (NAC)’s Capability Development Scheme for the Arts, to deepen skills and support professional development
• Step up digitalisation efforts

Enhanced Jobs Support Scheme (JSS)

• Government will help employers by paying 25% on the first $4,600 of monthly salaries, up from 8% on the first $3,600 previously
• JSS will be for 9 months till end-2020, up from 3 months previously

Enhanced Wage Credit Scheme (WCS)

• Additional $500m for employees’ wage increases, on top of $600m disbursed in March 2020

Self Employed Persons (SEPs) Income Relief Scheme (SIRS)

• Eligible Singaporean SEPs will receive $1,000 a month for 9 months

SEP Training Support Scheme

• Extended till end-2020 and set aside $48m for the scheme
• Enhanced training allowance rate of $10 per hour
• Sustained support for 200,000 eligible SEPs to make use of downtime to train and upskill

SGUnited Traineeships

• Co-fund wage costs of companies offering traineeships to first-time jobseekers
• Support up to 8,000 traineeships in 2020 for fresh graduates of local Autonomous Universities, polytechnics, and ITEs

SGUnited Jobs Initiative

• Public sector to accelerate hiring plans, and step up efforts to manage the COVID-19 situation

COVID-19 Support Grant

• Cash grant of $800 a month for 3 months for lower- and middle-income Singaporeans who lose their jobs due to COVID-19
• Grant will tide them over while they find new jobs or go for training
• Those who need immediate assistance in April 2020 can apply for the Temporary Relief Fund

Enhanced Workfare Special Payment

• Cash payment of $3,000 for Singaporeans who received Workfare payments in 2019¹

¹ Original payout was an additional 20% of Workfare payments based on work done in 2019, with a minimum payment of $100

Care & Support – Cash & PAssion Card Top-up

• Enhanced cash payout for all Singaporeans aged 21 and above in 2020 of $300, $600 or $900¹
• Additional cash payout for each Singaporean parent with at least 1 Singaporean child aged 20 and below in 2020 tripled from $100 to $300
• All Singaporeans aged 50 and above in 2020 will receive their $100 PAssion Card Top-up in cash

Cash Payouts and PAssion Card Top-up

* Refers to Singaporean parents with at least one Singaporean child aged 20 years and below in 2020. Each eligible parent will receive an additional S$300
^ The S$100 PAssion Card top-up that was announced at Budget 2020 will be provided in cash instead
¹ Original cash payout announced was $100, $200, or $300

Enhanced Workfare Special Payment

• Cash payment of $3,000 for Singaporeans who received Workfare payments in 2019¹

¹ Original payout was an additional 20% of Workfare payments based on work done in 2019, with a minimum payment of $100

Enhanced Grocery Vouchers

• Triple current voucher in 2020 to $300 for Singaporeans aged 21 and above living in 1- or 2-room HDB flats
• $100 Grocery Voucher for 2021
• Total of $400 in 2020 and 2021

Freeze All Government Fees & Charges

• Freeze all government fees and charges for 1 year, from 1 April 2020 to 31 March 2021

Student Loan Relief

• 1-year suspension of loan repayments and interest charges for Government loan schemes

Suspend Late Mortgage Payment Charges

• All late payment charges on HDB mortgage arrears will be suspended for 3 months

More Community Help for Vulnerable Households

• Self-Help Groups to receive grants of $20m over two years to enhance support for the community
• Community Development Councils to receive $75m to vulnerable households

NTUC Care Fund (COVID-19)

• $25m in joint funding from NTUC, Unions, and the Government to help workers and SEPs
• One-off relief of up to $300 to low- to middle-income union members

Enhanced Support for Enterprises

• SMEs Go Digital enhanced to include more digital solutions for business continuity
• Up to 90% and 80% support under Enterprise Development Grant (EDG) and Productivity Solutions Grant (PSG), respectively

Enhanced Training Support

• Higher course fee subsidies of 90% and up to $10 hourly absentee payroll
• Extended to companies in Land Transport, and Arts and Culture sectors

A Robust, Multi-pronged Strategy

• Build up national stockpile of essential health supplies
• Combination of local production, stockpiling, and diversification of import sources
• Increase buffer stocks of essential food commodities
• “30 by 30” vision to grow enough food in Singapore to meet 30% of our nutritional needs by 2030

Broader Range of Safe Distancing Measures

• Help for employers and households implementing mandatory public health measures

Stepping Up Good Public Hygiene

• Boost SG Clean campaign to encourage higher levels of personal and public hygiene
• Co-funding for businesses undertaking professional cleaning of premises with a confirmed COVID-19 case