Singaporeans to each receive S$600 in cash as part of third COVID-19 aid relief

Finance Minister Heng Swee Keat delivers his ‘Solidarity Budget’ speech in parliament. Image: YouTube
Finance Minister Heng Swee Keat delivers his ‘Solidarity Budget’ speech in parliament. Image: YouTube

All adult Singaporeans will each receive S$600 in cash assistance starting the middle of this month as part of the third round of COVID-19 financial relief announced by Finance Minister Heng Swee Keat today. 

The “Solidary Budget,” worth S$5.1 billion, also comprises enhanced financial relief for businesses and the self-employed. Each Singaporean has to be at least 21 years old to be eligible for the cash assistance.

Here are other highlights from the latest COVID-19 relief package:

  • Companies to receive 75 percent wage subsidy in April for the first S$4,600 of each local employee’s wages
  • Government to waive foreign worker levies due in April
  • Companies to get S$750 rebate for each employee holding a work permit or an S-pass
  • Hawker stall holders operated by the National Environment Agency to enjoy three months of rental waivers, others to receive two months’ waiver
  • Income relief for self-employed persons to be extended to those who also have earnings from employed work and own private properties
  • All adult Singaporeans to receive one-time payment of S$600 from mid-April

Singapore on March 26 announced a S$48 billion “Resilience” budget, which was seven times more than the first package of relief funds worth S$6.4 billion.

Related:

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