'Time for targeted SkillsFuture top-ups' in Budget

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SGBudget2020: 'Time for targeted SkillsFuture top-ups' in Budget

One observer suggested that funds be allowed for classes that teach 'specific in-demand capabilities' like digital literacy.FOUR years after the SkillsFuture campaign gave every Singaporean over 25 an initial S$500 to spend on learning, labour market watchers are again looking for a credit top-up.

Indeed, Citi analysts Kit Wei Zheng and Ang Kai Wei wrote on Tuesday that part of the Budget's virus relief package will likely focus on"protecting jobs, through wage support and training grants via SkillsFuture", given that some small businesses were struggling even before the outbreak. Such a move could prompt older Singaporeans"to take ownership of their training and development to remain relevant", she said.

Still, NTUC assistant secretary-general Patrick Tay, also People's Action Party MP for West Coast GRC, told BT last month that a top-up would help both employees and freelancers.

 

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