SINGAPORE, June 21 — Eligible adult Singaporeans will receive a one-off cash payment of up to S$300 , on top of the regular GST vouchers to be disbursed this year, as part of an additional S$1.5 billion package to help more vulnerable groups cope with rising living costs, announced Finance Minister Lawrence Wong today .
On top of helping families, the package, which is funded by “better-than-expected fiscal outturn” in financial year 2021 and will not be drawing on past reserves, will also provide support for businesses, workers and self-employed persons. The measures in this package are tilted towards helping lower-income and vulnerable groups because they are the ones who are “disproportionately impacted” by the effects of inflation, he added.
“That's why the package is weighted towards the lower income and more vulnerable segments in our society, who will bear the higher brunt of increased prices,” said Wong.About 1.5 million Singaporeans will be eligible for the S$300 special payment, said MoF, adding that they will be notified of their payments in August.
To that end, the government will increase its co-funding for eligible wage increases in 2022 to 75 per cent, up from 50 per cent, for resident employees with gross monthly wages of up to S$2,500. Targeted assistance will also be disbursed to certain groups, in particular self-employed persons affected by fuel price increases.Drivers of combi-buses and limousines, as well as delivery drivers and riders, will be eligible to apply for the labour movement's Freelancers and Self-Employed scheme, also known as the NTUC U FSE Relief Scheme, in which they can receive cash relief of up to S$300 if successful.
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