Fortitude Budget round-up: Here are the highlights from today’s speech. 1. Further draw of S$31b from reserves bit.ly/3c…

Fortitude Budget round-up: Here are the highlights from today’s speech.

1. Further draw of S$31b from reserves
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2. JSS extended for 1 month, aerospace firms to get 75% wage support
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3. Another S$800m set aside for Covid-19 Support Grant
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4. Extra S$13b to be set aside in Contingencies Funds
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5. Construction sector to get more support for additional costs needed to resume
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6. Government tenants to get rental waivers of up to 2 months
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7. SME tenants get cash grant to offset rents
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8. 4,000 traineeships for unemployed mid-career individuals
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9. S$1,200 allowance for job seekers going for training
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10. Hiring incentive now covers all ages, doubled for older workers
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11. S$118m top-up to support Singapore's charities and social service agencies
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12. S$100 utilities credit for all households with at least 1 Singaporean
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13. S$285m to attract matching investments for startups
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14. CPF contribution increase for seniors deferred to 2022
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For our complete Budget coverage, go to bt.sg/budget20