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Resilience Budget: All Adult S’poreans To Get Higher Cash Payout Of $300 To $900

Vulcan Post logo Vulcan Post 26/3/2020 Zafirah Salim
a hand holding a book: S'pore Offers Financial Support To Firms Affected By M'sia Lockdown: $50/Worker For 2 Weeks © Provided by Vulcan Post S'pore Offers Financial Support To Firms Affected By M'sia Lockdown: $50/Worker For 2 Weeks

Delivering his Resilience Budget speech today, Minister Heng Swee Keat noted that many Singaporeans are concerned about how they will pay their bills and household expenses if their livelihoods are affected during this uncertain period.

As such, the Government will be putting more cash in the hands of all families to help them cope.

1. Enhanced Care And Support Package

The Care and Support Package announced in the Unity Budget will be enhanced.

The cash payout for all adult Singaporeans will be tripled from the earlier announced range of $100 to $300, to a range of $300 to $900, depending on income.

2. Additional Help For Families With Young Children

Additional help will be provided for families with young children. The additional cash payout given to each Singaporean parent with at least one young Singaporean child will be tripled, from $100 to $300.

3. Enhanced Workfare Special Payment

For lower-wage workers, the enhanced Workfare Special Payment mentioned earlier by Mr Heng will provide them $3,000 in cash this year for their household needs.

4. Enhanced Grocery Voucher

To further help needy Singaporeans with their daily expenses, and in particular, the cost of food, the Government will triple the Grocery Vouchers given to them this year from $100 to $300.

Together with the $100 which will be given to them next year, needy Singaporeans will receive $400 in Grocery Vouchers over 2020 and 2021.

5. Replace PAssion Card Top-Up With Cash

The earlier-announced one-off PAssion Card top-up for Singaporeans aged 50 years and above will be given in cash instead. This is to avoid the need to queue at top-up stations during this period.

With these enhancements, a young family will now receive around $2,900, instead of $1,300, under the Care and Support Package. A three-generation family will receive about $6,700, instead of $1,800.

6. One-Year Freeze On Gov’t Fees And Charges

On top of that, Minister Heng also announced that it will implement a one-year freeze on all government fees and charges.

There will also be a one year suspension of loan repayment and interest charges for student loan relief.

For HDB owners, there will be a 3 month suspension of late payment charges on HDB mortgage arrears so Singaporeans have more time to pay their HDB mortgages.

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