COVID-19: Solidarity Budget (6 April 2020) - Revision history

Dayana Rizal: /* Enhanced income relief (SIRS) – for self-employed persons */

2020-04-11T09:28:51Z

Enhanced income relief (SIRS) – for self-employed persons

← Older revision		Revision as of 17:28, 11 April 2020
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	(ii) Individuals who are self-employed but still earn a small income from employment work are now included in the scheme.		(ii) Individuals who are self-employed but still earn a small income from employment work are now included in the scheme.

	(iii) Individuals living in properties with an annual value of (up to) '''<u>$21,000*</u>''' are eligible for the scheme.<ref>Ho, Olivia. "[https://www.straitstimes.com/politics/covid-19-self-employed-relief-scheme-to-include-those-with-some-employment-income-higher Covid-19 self-employed relief scheme extended to those with some employment income, higher property annual value]". ''The Straits Times''. April 6, 2020. Accessed on 7 April 2020.</ref>		(iii) Individuals living in properties with an annual value* of (up to) '''<u>$21,000**</u>''' are eligible for the scheme.<ref>Ho, Olivia. "[https://www.straitstimes.com/politics/covid-19-self-employed-relief-scheme-to-include-those-with-some-employment-income-higher Covid-19 self-employed relief scheme extended to those with some employment income, higher property annual value]". ''The Straits Times''. April 6, 2020. Accessed on 7 April 2020.</ref>
	<nowiki>*</nowiki>This has been increased from the previous threshold value of $13,000.<ref>"[https://www.mom.gov.sg/newsroom/press-releases/2020/0327-about-88000-to-automatically-benefit-from-self-employed-person-income-relief-scheme About 88,000 to automatically benefit from Self-Employed Person Income Relief Scheme]". ''Ministry of Manpower''. March 27, 2020. Accessed on 7 April 2020.</ref>		<nowiki>*</nowiki>Estimated monthly rent x 12-months = Annual Property Value<ref>Sim Kang Heong. "[https://dollarsandsense.sg/annual-value-av-home-heres-calculated-matters/ Annual Value (AV) Of Your Residential Property: Here’s How Its Calculated And Why It Matter]s". ''Dollars and Sense''. March 28, 2020. Accessed on 11 April 2020.</ref>

			<nowiki>**</nowiki>This has been increased from the previous threshold value of $13,000.<ref>"[https://www.mom.gov.sg/newsroom/press-releases/2020/0327-about-88000-to-automatically-benefit-from-self-employed-person-income-relief-scheme About 88,000 to automatically benefit from Self-Employed Person Income Relief Scheme]". ''Ministry of Manpower''. March 27, 2020. Accessed on 7 April 2020.</ref>

	===Reducing the cost of foreign workers===		===Reducing the cost of foreign workers===

Dayana Rizal: Dayana Rizal moved page COVID-19: Solidarity Package (6 April 2020) to COVID-19: Solidarity Budget (6 April 2020)

2020-04-07T01:00:14Z

Dayana Rizal moved page COVID-19: Solidarity Package (6 April 2020) to COVID-19: Solidarity Budget (6 April 2020)

← Older revision	Revision as of 09:00, 7 April 2020
(No difference)

Dayana Rizal: /* Rent support */

2020-04-07T00:52:47Z

Rent support

← Older revision		Revision as of 08:52, 7 April 2020
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	(ii) Individuals can defer certain contractual obligations like paying rent and repaying loans.		(ii) Individuals can defer certain contractual obligations like paying rent and repaying loans.
	The above measures will be legally enforced through a new bill announced on 7 April 2020.		The above measures will be legally enforced through a new bill announced on 7 April 2020.<ref>Matthew Mohan. "[https://www.channelnewsasia.com/news/singapore/solidarity-budget-bill-allow-firms-individuals-defer-contractual-12613720 Solidarity Budget: Bill to allow firms, individuals to defer contractual obligations such as rent 'for a period]<nowiki>''</nowiki>. ''Channel News Asia''. April 6, 2020. Accessed on 7 April 2020.</ref>

	==For businesses & workers==		==For businesses & workers==
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	(iii) Businesses can defer certain contractual obligations like paying rent and repaying loans.*		(iii) Businesses can defer certain contractual obligations like paying rent and repaying loans.*
	<nowiki>*</nowiki>This above measure will be covered in the new bill to be announced on 7 April 2020.		<nowiki>*</nowiki>This above measure will be covered in the new bill to be announced on 7 April 2020.<ref>Matthew Mohan. "[https://www.channelnewsasia.com/news/singapore/solidarity-budget-bill-allow-firms-individuals-defer-contractual-12613720 Solidarity Budget: Bill to allow firms, individuals to defer contractual obligations such as rent 'for a period]<nowiki>''</nowiki>. ''Channel News Asia''. April 6, 2020. Accessed on 7 April 2020.</ref>

	===Enhanced Job Support Scheme (JSS) – for Singaporean employees===		===Enhanced Job Support Scheme (JSS) – for Singaporean employees===
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	(ii) This enhanced scheme applies to '''<u>all local employees</u>''' across all firms in Singapore.		(ii) This enhanced scheme applies to '''<u>all local employees</u>''' across all firms in Singapore.
	The first JSS payout has been brought forward from May to April 2020.		The first JSS payout has been brought forward from May to April 2020.<ref>"[https://www.iras.gov.sg/irashome/Schemes/Businesses/Jobs-Support-Scheme--JSS-/ Jobs Support Scheme (JSS)]". ''Inland Revenue Authority of Singapore.'' Assessed on 7 April 2020.</ref>

	===Enhanced income relief (SIRS) – for self-employed persons===		===Enhanced income relief (SIRS) – for self-employed persons===
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	(ii) Individuals who are self-employed but still earn a small income from employment work are now included in the scheme.		(ii) Individuals who are self-employed but still earn a small income from employment work are now included in the scheme.

	(iii) ~~The~~ annual ~~household income ceiling has been increased from~~ '''<u>$13,000 to $21,000</u>'''.		(iii) Individuals living in properties with an annual value of (up to) '''<u>$21,000*</u>''' are eligible for the scheme.<ref>Ho, Olivia. "[https://www.straitstimes.com/politics/covid-19-self-employed-relief-scheme-to-include-those-with-some-employment-income-higher Covid-19 self-employed relief scheme extended to those with some employment income, higher property annual value]". ''The Straits Times''. April 6, 2020. Accessed on 7 April 2020.</ref>
			<nowiki>*</nowiki>This has been increased from the previous threshold value of $13,000.<ref>"[https://www.mom.gov.sg/newsroom/press-releases/2020/0327-about-88000-to-automatically-benefit-from-self-employed-person-income-relief-scheme About 88,000 to automatically benefit from Self-Employed Person Income Relief Scheme]". ''Ministry of Manpower''. March 27, 2020. Accessed on 7 April 2020.</ref>

	===Reducing the cost of foreign workers===		===Reducing the cost of foreign workers===
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	(ii) Employers will receive a '''<u>$750 foreign levy rebate</u>'''* for each employee holding a work permit or an S-pass.		(ii) Employers will receive a '''<u>$750 foreign levy rebate</u>'''* for each employee holding a work permit or an S-pass.
	<nowiki>*</nowiki>Eligible employers will receive the rebates as early as 21 April 2020.		<nowiki>*</nowiki>Eligible employers will receive the rebates as early as 21 April 2020.<ref>See, Sharon. "[https://www.businesstimes.com.sg/government-economy/singapore-budget-2020/solidarity-budget-aprils-foreign-worker-levy-waived Solidarity Budget: April's foreign worker levy waived]". ''The Business Times''. April 6, 2020. Accessed on 7 April 2020.</ref>

	===Support for enterprises===		===Support for enterprises===
	The government risk share of loans taken by enterprises will increase from '''<u>80 to 90%</u>'''.		The government risk share of loans taken by enterprises will increase from '''<u>80 to 90%</u>'''.
	The above applies for loans taken under the following schemes - (i) Temporary Bridging Loan Programme (ii) Enterprise Financing Scheme (EFS) – SME Working Capital Loan (ii) Enterprise Financing Scheme (EFS) – Trade Loan. The new scheme will apply to loans initiated from 8 April 2020 to 31 March 2021.		The above applies for loans taken under the following schemes - (i) Temporary Bridging Loan Programme (ii) Enterprise Financing Scheme (EFS) – SME Working Capital Loan (ii) Enterprise Financing Scheme (EFS) – Trade Loan. The new scheme will apply to loans initiated from 8 April 2020 to 31 March 2021.<ref>Choo Yun Ting. "[https://www.straitstimes.com/politics/government-to-increase-risk-share-on-loans-to-90-per-cent-to-ensure-credit-access-for-firms Govt to increase risk share on loans to 90 per cent to ensure credit access for firms during Covid-19 crisis: DPM Heng]". ''The Straits Times''. April 6, 2020. Accessed on 7 April 2020.</ref>

	==References / Citations==		==References / Citations==

Dayana Rizal: /* Cash payouts */

2020-04-06T12:19:58Z

Cash payouts

← Older revision		Revision as of 20:19, 6 April 2020
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	===Cash payouts===		===Cash payouts===
	The Singapore government has set aside S$1.1 billion to be used for cash payouts.<ref>Lin, Jessica. “[https://www.businessinsider.sg/singapore-is-now-pouring-almost-s60-billion-into-covid-19-measures-including-a-s600-payout-for-all-adult-singaporeans Singapore is now pouring almost S$60 billion into Covid-19 measures, including a S$600 payout for all adult Singaporeans]”. ''Business Insider.'' April 6, 2020. Accessed on 6 April 2020.</ref> ~~Most~~ Singaporeans ~~are entitled~~ to ~~the following~~ payouts.		The Singapore government has set aside S$1.1 billion to be used for cash payouts.<ref>Lin, Jessica. “[https://www.businessinsider.sg/singapore-is-now-pouring-almost-s60-billion-into-covid-19-measures-including-a-s600-payout-for-all-adult-singaporeans Singapore is now pouring almost S$60 billion into Covid-19 measures, including a S$600 payout for all adult Singaporeans]”. ''Business Insider.'' April 6, 2020. Accessed on 6 April 2020.</ref> Singaporeans can receive up to S$1,200 in cash payouts by June 2020.
	{\| class="wikitable"		{\| class="wikitable"
	!Package		!Package

Dayana Rizal: /* For adult Singaporeans */

2020-04-06T12:18:05Z

For adult Singaporeans

← Older revision		Revision as of 20:18, 6 April 2020
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	!Given By		!Given By
	\|-		\|-
	\| rowspan="2" \|Solidarity Payment		\| rowspan="2" \|Solidarity Payment<ref>"[https://www.singaporebudget.gov.sg/docs/default-source/budget_2020/download/pdf/fy2020_solidarity_budget_booklet_eng.pdf Solidarity Budget Booklet]". ''Singapore Budget''. April 6, 2020. Accessed on 6 April 2020.</ref>
	\| rowspan="2" \|All Singaporeans above 21 years old		\| rowspan="2" \|All Singaporeans above 21 years old
	\| rowspan="2" \|$600		\| rowspan="2" \|$600
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	\|-		\|-
	\| rowspan="3" \|Care & Support Package		\| rowspan="3" \|Care & Support Package
	\|Eligible Singaporeans		\|Eligible Singaporeans above 21 years old
	\|~~<nowiki>~~+ $300 / $600~~</nowiki>~~		\| + $300* / $600**
	\| rowspan="3" \|June 2020		\| rowspan="3" \|June 2020
	\|-		\|-
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	\|<nowiki>+ $100 PAssion care top-up</nowiki>		\|<nowiki>+ $100 PAssion care top-up</nowiki>
	\|}		\|}
			<nowiki>*</nowiki>For Singaporeans with an annual income of not more than S$28,000.

			<nowiki>**</nowiki>For Singaporeans with an annual income between S$28,000 and S$100,000.

	===Rent support===		===Rent support===

Dayana Rizal: Dayana Rizal moved page COVID-19: Solidarity Package (April 2020) to COVID-19: Solidarity Package (6 April 2020)

2020-04-06T11:36:32Z

Dayana Rizal moved page COVID-19: Solidarity Package (April 2020) to COVID-19: Solidarity Package (6 April 2020)

← Older revision	Revision as of 19:36, 6 April 2020
(No difference)

Dayana Rizal at 11:33, 6 April 2020

2020-04-06T11:33:09Z

← Older revision		Revision as of 19:33, 6 April 2020
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	[[File:Heng Swee Keat Budget Speech.jpg\|link=https://wiki.sg/p/File:Heng%20Swee%20Keat%20Budget%20Speech.jpg\|thumb\|''Minister of Finance and Deputy Prime Minister, Heng Swee Keat announced the Solidarity Budget on 6 April 2020.'']]		<blockquote>This entry is a part of Wiki.sg's coverage on the evolving COVID-19 situation in Singapore. For more COVID-19 stories, click [[:Category:COVID-19 in Singapore\|here]].</blockquote>[[File:Heng Swee Keat Budget Speech.jpg\|link=https://wiki.sg/p/File:Heng%20Swee%20Keat%20Budget%20Speech.jpg\|thumb\|''Minister of Finance and Deputy Prime Minister, Heng Swee Keat announced the Solidarity Budget on 6 April 2020.'']]
	The Solidarity Budget<ref>“[https://www.singaporebudget.gov.sg/budget_2020/solidarity-budget Solidarity Budget]”. ''Singapore Budget.'' Accessed on 6 April 2020.</ref> is the third round of government support measures to help tide Singaporean businesses and households through the COVID-19 pandemic. This budget statement was preceded by the Unity Budget (February 18) and the Resilience Budget (March 26).<ref>Lim, Yan Liang. “[https://www.straitstimes.com/singapore/third-round-of-budget-measures-to-help-singapore-through-covid-19-situation-to-be-rolled Third round of Budget measures to help S'pore through Covid-19 situation to be rolled out on April 6: DPM Heng Swee Keat]”. ''The Straits Times.'' April 5, 2020. Accessed on 6 April 2020.</ref> It was announced in response to the four-week-long “circuit-breaker” in Singapore starting from 7 April 2020.<ref>Lee, U-Wen and See, Sharon. “[https://www.businesstimes.com.sg/government-economy/solidarity-budget-to-help-tide-through-circuit-breaker-period-dpm-heng Solidarity Budget to help tide through 'circuit-breaker' period: DPM Heng]”. ''Business Times.'' April 6, 2020. Accessed on 6 April 2020.</ref> Most measures mentioned in the Solidarity Budget are built upon those already mentioned in the previous two budget statements.		The Solidarity Budget<ref>“[https://www.singaporebudget.gov.sg/budget_2020/solidarity-budget Solidarity Budget]”. ''Singapore Budget.'' Accessed on 6 April 2020.</ref> is the third round of government support measures to help tide Singaporean businesses and households through the COVID-19 pandemic. This budget statement was preceded by the Unity Budget (February 18) and the Resilience Budget (March 26).<ref>Lim, Yan Liang. “[https://www.straitstimes.com/singapore/third-round-of-budget-measures-to-help-singapore-through-covid-19-situation-to-be-rolled Third round of Budget measures to help S'pore through Covid-19 situation to be rolled out on April 6: DPM Heng Swee Keat]”. ''The Straits Times.'' April 5, 2020. Accessed on 6 April 2020.</ref> It was announced in response to the four-week-long “circuit-breaker” in Singapore starting from 7 April 2020.<ref>Lee, U-Wen and See, Sharon. “[https://www.businesstimes.com.sg/government-economy/solidarity-budget-to-help-tide-through-circuit-breaker-period-dpm-heng Solidarity Budget to help tide through 'circuit-breaker' period: DPM Heng]”. ''Business Times.'' April 6, 2020. Accessed on 6 April 2020.</ref> Most measures mentioned in the Solidarity Budget are built upon those already mentioned in the previous two budget statements.

Dayana Rizal: /* Cash payouts */

2020-04-06T11:26:10Z

Cash payouts

← Older revision		Revision as of 19:26, 6 April 2020
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	!Given By		!Given By
	\|-		\|-
	\|Solidarity Payment		\| rowspan="2" \|Solidarity Payment
	\|All Singaporeans above 21 years old		\| rowspan="2" \|All Singaporeans above 21 years old
	\|$600		\| rowspan="2" \|$600
	\|14 April 2020 (bank accounts)		\|14 April 2020 – bank accounts
			\|-
	30 April 2020 (cheques)		\|30 April 2020 – cheques
	\|-		\|-
	\| rowspan="3" \|Care & Support Package		\| rowspan="3" \|Care & Support Package
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	The Singapore government has set aside S$4 billion to support businesses and workers.<ref>Lin, Jessica. “[https://www.businessinsider.sg/singapore-is-now-pouring-almost-s60-billion-into-covid-19-measures-including-a-s600-payout-for-all-adult-singaporeans Singapore is now pouring almost S$60 billion into Covid-19 measures, including a S$600 payout for all adult Singaporeans]”. ''Business Insider.'' April 6, 2020. Accessed on 6 April 2020.</ref> The amount encapsulates the following measures.		The Singapore government has set aside S$4 billion to support businesses and workers.<ref>Lin, Jessica. “[https://www.businessinsider.sg/singapore-is-now-pouring-almost-s60-billion-into-covid-19-measures-including-a-s600-payout-for-all-adult-singaporeans Singapore is now pouring almost S$60 billion into Covid-19 measures, including a S$600 payout for all adult Singaporeans]”. ''Business Insider.'' April 6, 2020. Accessed on 6 April 2020.</ref> The amount encapsulates the following measures.

	===Rental waivers – for store owners===		===Rental waivers – for store owners===
	(i) The rental waiver for industrial, office and agriculture tenants of government agencies has been increased from '''<u>two weeks to one month</u>'''.		(i) The rental waiver for industrial, office and agriculture tenants of government agencies has been increased from '''<u>two weeks to one month</u>'''.

Dayana Rizal at 11:22, 6 April 2020

2020-04-06T11:22:48Z

← Older revision		Revision as of 19:22, 6 April 2020
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	[[File:Heng Swee Keat Budget Speech.jpg\|link=https://wiki.sg/p/File:Heng%20Swee%20Keat%20Budget%20Speech.jpg\|thumb\|''Minister of Finance and Deputy Prime Minister, Heng Swee Keat announced the Solidarity Budget on 6 April 2020.'']]		[[File:Heng Swee Keat Budget Speech.jpg\|link=https://wiki.sg/p/File:Heng%20Swee%20Keat%20Budget%20Speech.jpg\|thumb\|''Minister of Finance and Deputy Prime Minister, Heng Swee Keat announced the Solidarity Budget on 6 April 2020.'']]
	The Solidarity Budget<ref>“[https://www.singaporebudget.gov.sg/budget_2020/solidarity-budget Solidarity Budget]”. ''Singapore Budget.'' Accessed on 6 April 2020.</ref> is the third round of government support measures to help tide Singaporean businesses and households through the COVID-19 pandemic. This budget statement was preceded by the Unity Budget (February 18) and the Resilience Budget (March 26).<ref>Lim, Yan Liang. “[https://www.straitstimes.com/singapore/third-round-of-budget-measures-to-help-singapore-through-covid-19-situation-to-be-rolled Third round of Budget measures to help S'pore through Covid-19 situation to be rolled out on April 6: DPM Heng Swee Keat]”. ''The Straits Times.'' April 5, 2020. Accessed on 6 April 2020.</ref> It was announced in response to the four-week-long “circuit-breaker” in Singapore starting from 7 April 2020.<ref>Lee, U-Wen and See, Sharon. “[https://www.businesstimes.com.sg/government-economy/solidarity-budget-to-help-tide-through-circuit-breaker-period-dpm-heng Solidarity Budget to help tide through 'circuit-breaker' period: DPM Heng]”. ''Business Times.'' April 6, 2020. Accessed on 6 April 2020.</ref> Most measures mentioned in the Solidarity Budget are built upon those already mentioned in the previous statements.		The Solidarity Budget<ref>“[https://www.singaporebudget.gov.sg/budget_2020/solidarity-budget Solidarity Budget]”. ''Singapore Budget.'' Accessed on 6 April 2020.</ref> is the third round of government support measures to help tide Singaporean businesses and households through the COVID-19 pandemic. This budget statement was preceded by the Unity Budget (February 18) and the Resilience Budget (March 26).<ref>Lim, Yan Liang. “[https://www.straitstimes.com/singapore/third-round-of-budget-measures-to-help-singapore-through-covid-19-situation-to-be-rolled Third round of Budget measures to help S'pore through Covid-19 situation to be rolled out on April 6: DPM Heng Swee Keat]”. ''The Straits Times.'' April 5, 2020. Accessed on 6 April 2020.</ref> It was announced in response to the four-week-long “circuit-breaker” in Singapore starting from 7 April 2020.<ref>Lee, U-Wen and See, Sharon. “[https://www.businesstimes.com.sg/government-economy/solidarity-budget-to-help-tide-through-circuit-breaker-period-dpm-heng Solidarity Budget to help tide through 'circuit-breaker' period: DPM Heng]”. ''Business Times.'' April 6, 2020. Accessed on 6 April 2020.</ref> Most measures mentioned in the Solidarity Budget are built upon those already mentioned in the previous two budget statements.

	==For adult Singaporeans==		==For adult Singaporeans==

Dayana Rizal at 11:19, 6 April 2020

2020-04-06T11:19:58Z

← Older revision		Revision as of 19:19, 6 April 2020
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	[[File:Heng Swee Keat Budget Speech.jpg\|link=https://wiki.sg/p/File:Heng%20Swee%20Keat%20Budget%20Speech.jpg\|thumb\|''Minister of Finance ~~(MOF)~~ and Deputy Prime Minister, Heng Swee Keat announced the Solidarity Budget on 6 April 2020.'']]		[[File:Heng Swee Keat Budget Speech.jpg\|link=https://wiki.sg/p/File:Heng%20Swee%20Keat%20Budget%20Speech.jpg\|thumb\|''Minister of Finance and Deputy Prime Minister, Heng Swee Keat announced the Solidarity Budget on 6 April 2020.'']]
	The Solidarity Budget<ref>“[https://www.singaporebudget.gov.sg/budget_2020/solidarity-budget Solidarity Budget]”. ''Singapore Budget.'' Accessed on 6 April 2020.</ref> is the third round of government support measures to help tide Singaporean businesses and households through the COVID-19 pandemic. This budget statement was preceded by the Unity Budget (February 18) and the Resilience Budget (March 26).<ref>Lim, Yan Liang. “[https://www.straitstimes.com/singapore/third-round-of-budget-measures-to-help-singapore-through-covid-19-situation-to-be-rolled Third round of Budget measures to help S'pore through Covid-19 situation to be rolled out on April 6: DPM Heng Swee Keat]”. ''The Straits Times.'' April 5, 2020. Accessed on 6 April 2020.</ref> It was announced in response to the four-week-long “circuit-breaker” in Singapore starting from 7 April 2020.<ref>Lee, U-Wen and See, Sharon. “[https://www.businesstimes.com.sg/government-economy/solidarity-budget-to-help-tide-through-circuit-breaker-period-dpm-heng Solidarity Budget to help tide through 'circuit-breaker' period: DPM Heng]”. ''Business Times.'' April 6, 2020. Accessed on 6 April 2020.</ref> Most measures mentioned in the Solidarity Budget are built upon those already mentioned in the previous statements.		The Solidarity Budget<ref>“[https://www.singaporebudget.gov.sg/budget_2020/solidarity-budget Solidarity Budget]”. ''Singapore Budget.'' Accessed on 6 April 2020.</ref> is the third round of government support measures to help tide Singaporean businesses and households through the COVID-19 pandemic. This budget statement was preceded by the Unity Budget (February 18) and the Resilience Budget (March 26).<ref>Lim, Yan Liang. “[https://www.straitstimes.com/singapore/third-round-of-budget-measures-to-help-singapore-through-covid-19-situation-to-be-rolled Third round of Budget measures to help S'pore through Covid-19 situation to be rolled out on April 6: DPM Heng Swee Keat]”. ''The Straits Times.'' April 5, 2020. Accessed on 6 April 2020.</ref> It was announced in response to the four-week-long “circuit-breaker” in Singapore starting from 7 April 2020.<ref>Lee, U-Wen and See, Sharon. “[https://www.businesstimes.com.sg/government-economy/solidarity-budget-to-help-tide-through-circuit-breaker-period-dpm-heng Solidarity Budget to help tide through 'circuit-breaker' period: DPM Heng]”. ''Business Times.'' April 6, 2020. Accessed on 6 April 2020.</ref> Most measures mentioned in the Solidarity Budget are built upon those already mentioned in the previous statements.

	== For adult Singaporeans ==		==For adult Singaporeans==

	=== Cash payouts ===		===Cash payouts===
	The Singapore government has set aside S$1.1 billion to be used for cash payouts.<ref>Lin, Jessica. “[https://www.businessinsider.sg/singapore-is-now-pouring-almost-s60-billion-into-covid-19-measures-including-a-s600-payout-for-all-adult-singaporeans Singapore is now pouring almost S$60 billion into Covid-19 measures, including a S$600 payout for all adult Singaporeans]”. ''Business Insider.'' April 6, 2020. Accessed on 6 April 2020.</ref> Most Singaporeans are entitled to the following payouts.		The Singapore government has set aside S$1.1 billion to be used for cash payouts.<ref>Lin, Jessica. “[https://www.businessinsider.sg/singapore-is-now-pouring-almost-s60-billion-into-covid-19-measures-including-a-s600-payout-for-all-adult-singaporeans Singapore is now pouring almost S$60 billion into Covid-19 measures, including a S$600 payout for all adult Singaporeans]”. ''Business Insider.'' April 6, 2020. Accessed on 6 April 2020.</ref> Most Singaporeans are entitled to the following payouts.
	{\| class="wikitable"		{\| class="wikitable"
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	\|}		\|}

	=== Rent support ===		===Rent support===
	The following measures have been put in place to alleviate the financial burdens related to tenancy.		The following measures have been put in place to alleviate the financial burdens related to tenancy.
	(i) Property owners must pass on the '''<u>full property tax rebate</u>''' to tenants.		(i) Property owners must pass on the '''<u>full property tax rebate</u>''' to tenants.
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	The above measures will be legally enforced through a new bill announced on 7 April 2020.		The above measures will be legally enforced through a new bill announced on 7 April 2020.

	== For businesses & workers ==		==For businesses & workers==
	The Singapore government has set aside S$4 billion to support businesses and workers.<ref>Lin, Jessica. “[https://www.businessinsider.sg/singapore-is-now-pouring-almost-s60-billion-into-covid-19-measures-including-a-s600-payout-for-all-adult-singaporeans Singapore is now pouring almost S$60 billion into Covid-19 measures, including a S$600 payout for all adult Singaporeans]”. ''Business Insider.'' April 6, 2020. Accessed on 6 April 2020.</ref> The amount encapsulates the following measures.		The Singapore government has set aside S$4 billion to support businesses and workers.<ref>Lin, Jessica. “[https://www.businessinsider.sg/singapore-is-now-pouring-almost-s60-billion-into-covid-19-measures-including-a-s600-payout-for-all-adult-singaporeans Singapore is now pouring almost S$60 billion into Covid-19 measures, including a S$600 payout for all adult Singaporeans]”. ''Business Insider.'' April 6, 2020. Accessed on 6 April 2020.</ref> The amount encapsulates the following measures.

	=== Rental waivers – for store owners ===		===Rental waivers – for store owners===
	(i) The rental waiver for industrial, office and agriculture tenants of government agencies has been increased from '''<u>two weeks to one month</u>'''.		(i) The rental waiver for industrial, office and agriculture tenants of government agencies has been increased from '''<u>two weeks to one month</u>'''.

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	<nowiki>*</nowiki>This above measure will be covered in the new bill to be announced on 7 April 2020.		<nowiki>*</nowiki>This above measure will be covered in the new bill to be announced on 7 April 2020.

	=== Enhanced Job Support Scheme (JSS) – for Singaporean employees ===		===Enhanced Job Support Scheme (JSS) – for Singaporean employees===
	The Job Support Scheme was first introduced in the Unity Budget in February 2020. The details of the Enhanced Job Support Scheme are as follows.		The Job Support Scheme was first introduced in the Unity Budget in February 2020. The details of the Enhanced Job Support Scheme are as follows.
	(i) All firms will have '''<u>75% of their employees' wages</u>''' subsidised for April.		(i) All firms will have '''<u>75% of their employees' wages</u>''' subsidised for April.
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	The first JSS payout has been brought forward from May to April 2020.		The first JSS payout has been brought forward from May to April 2020.

	=== Enhanced income relief (SIRS) – for self-employed persons ===		===Enhanced income relief (SIRS) – for self-employed persons===
	The Self-employed Person Income Relief Scheme (SIRS) has also been enhanced to include the following.		The Self-employed Person Income Relief Scheme (SIRS) has also been enhanced to include the following.
	(i) Self-employed persons will receive '''<u>three $3,000 payments</u>''' in May, July and October 2020.		(i) Self-employed persons will receive '''<u>three $3,000 payments</u>''' in May, July and October 2020.
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	(ii) Individuals who are self-employed but still earn a small income from employment work are now included in the scheme.		(ii) Individuals who are self-employed but still earn a small income from employment work are now included in the scheme.

	(iii) The annual household income ceiling has been increased from $13,000 t0 $21,000.		(iii) The annual household income ceiling has been increased from '''<u>$13,000 to $21,000</u>'''.

	=== Reducing the cost of foreign workers ===		===Reducing the cost of foreign workers===
	(i) The monthly foreign levy due in April will be waived.		(i) The monthly foreign levy due in April will be waived.

	(ii) Employers will receive a '''<u>$750 foreign levy rebate</u>'''* for each employee holding a work permit or an S-pass.		(ii) Employers will receive a '''<u>$750 foreign levy rebate</u>'''* for each employee holding a work permit or an S-pass.
	<nowiki>*</nowiki>~~Employers~~ will receive the rebates as early as 21 April 2020.		<nowiki>*</nowiki>Eligible employers will receive the rebates as early as 21 April 2020.

	=== Support for enterprises ===		===Support for enterprises===
	The government risk share of loans taken by enterprises will increase from '''<u>80 to 90%</u>'''.		The government risk share of loans taken by enterprises will increase from '''<u>80 to 90%</u>'''.
	The above applies for loans taken under the following schemes - (i) ~~'''<u>~~Temporary Bridging Loan Programme~~</u>'''~~ (ii) ~~'''<u>~~Enterprise Financing Scheme (EFS) – SME Working Capital Loan~~</u>'''~~ (ii) ~~'''<u>~~Enterprise Financing Scheme (EFS) – Trade Loan~~</u>'''~~. The new scheme will apply to loans initiated from 8 April 2020 to 31 March 2021.		The above applies for loans taken under the following schemes - (i) Temporary Bridging Loan Programme (ii) Enterprise Financing Scheme (EFS) – SME Working Capital Loan (ii) Enterprise Financing Scheme (EFS) – Trade Loan. The new scheme will apply to loans initiated from 8 April 2020 to 31 March 2021.

	== References / Citations ==		==References / Citations==
	<br />		<br />
	[[Category:COVID-19 in Singapore]]		[[Category:COVID-19 in Singapore]]
			<references />