A Singaporean of working age would have received between $9,000 to $25,000 (ball park range) through the $100 billion Covid package.
Of the $100 billion, the Jobs Support Scheme supported the retention of workers through co-sharing salaries for 10 months (for most sectors) and longer for those harder hit, e.g. aviation. Others go towards supporting businesses and the fight towards covid, such as rental waivers and subsidies, risk-sharing on business loans, etc. Please go to MOF's website for the full list of schemes.
For example, an individual drawing a salary of $4,000, at 75% subsidy during the circuit breaker period, and 50% for the remaining 8 months, each individual would have received $22,000.
Without the Jobs Support Scheme, many companies would have retrenched workers.
For Self-employed Individuals (taxi-drivers, small business owners), they received (up to) $9,000 in three trenches.
For individuals who suffered a pay reduction or forced on temporary no-pay leave, there were schemes such as Temporary Relief Fund (which gave $500 outright) and Covid Support Grant (which supplements $500 every quarter).
The schemes were on top of regular community support programmes for the lower-income and less fortunate.
P.S. Only Singapore Citizens and PRs qualify for the Jobs Support Scheme.
Quote:
Originally Posted by Unregistered
Question is the $100 billions spent during Covid-19 should equate to $26,000 per Singaporean according to MP Tin Pei Ling who raised it in parliament, however most Singaporeans only got max $1000 during the whole ordeal, so where does the remaining billions go to?
If you are going to raise the GST and more taxes to cover for this shortfall, then the least you could do is climb down from your ivory tower and offer an explanation as to the missing billions spent which the average Singaporean hasn't benefited from. It must be a very flavourful and rich gold tap-like cake that the civil servants are eating from! |