Budget Measures

Deputy Prime Minister (DPM) and Minister for Finance Heng Swee Keat delivered the Singapore Government’s Budget Statement for Financial Year 2020 in Parliament on 18 February 2020. Budget 2020 was presented against a backdrop of the on-going COVID-19 outbreak, as well as broader uncertainties in the landscape.

Subsequently, DPM Heng introduced the Resilience Budget on 26 March 2020, the Solidarity Budget on 6 April 2020, and the Fortitude Budget on 26 May 2020. The Resilience, Solidarity and Fortitude Budgets complement Budget 2020 to address the rapidly evolving COVID-19 pandemic and the impact on Singapore’s economy and society.

In this section, you can find out more about the Budgets of 2020.

+ Budget Booklets

The Budget booklets summarise the key measures introduced at Budget 2020, Resilience Budget, Solidarity Budget and Fortitude Budget. Click here to find out more.

+ Budget Summaries

What are the key measures for businesses, workers and households introduced under Budget 2020, the Resilience Budget and Solidarity Budget? Click here to find out more.

+ More Information

Key Budget 2020 Schemes and Relevant Agencies
(Updated on 14 Apr 2020)

Key Schemes Action Needed? Agency Contact
Households and Individuals
Cash Payouts
  • Solidarity Payment
Automatic for SC. PRs with immediate family member who is SC need to apply through go.gov.sg/sppr

CPF Board

www.cpf.gov.sg
1800-2222-888
www.cpf.gov.sg/writetous

For queries on Solidarity Payment, write to go.gov.sg/sp2020 contact.

  • Care and Support Package
Automatic for eligible SCs
  • Workfare Special Payment
Automatic for eligible SCs
Temporary Assistance
  • Temporary Relief Fund
    (only from 1 to 30 Apr)

Application needed. Click here for form.

  • Singaporeans or PRs aged 16 and above;
  • Who recently lost job or at least 30% of income due to COVID-19;
  • Whose prior gross monthly household income was $10,000 or less, or monthly per capita income was $3,100 or less; and
  • Who is not on ComCare assistance.

Ministry of Social and Family Development

Go.gov.sg/msf-covid19-support
1800-222-0000
msf_qsm@msf.gov.sg
  • COVID-19 Support Grant (from 1 May onwards)
Application needed. Only open from 1 May 2020.
  • Singaporean or PR aged 16 and above;
  • Who recently lost job due to COVID-19 (previously employed as full- or part-time permanent or contract staff);
  • Whose prior gross monthly household income was $10,000 or less, or monthly per capita income was $3,100 or less;
  • Who lives in a property with annual value not more than $21,000; and
  • Who is not on ComCare assistance
Businesses & Self-Employed
Cash Support
  • Jobs Support Scheme
Automatic for eligible employers

Inland Revenue Authority of Singapore (IRAS)

www.iras.gov.sg
1800 352 4728
Go.gov.sg/payout

  • Enhanced Wage Credit Scheme
Automatic for eligible employers
Self-Employed
  • Self-Employed Person Income Relief Scheme (SIRS)

Automatic for eligible SEPs aged 37 and above in 2020 who declared positive SEP income to IRAS / CPFB for Work Year 2018. They will be notified of their eligibility via letter and SMS in May 2020.

Ministry of Manpower

www.mom.gov.sg
6438 5122
mom_sirs_feedback@mom.gov.sg

Application needed for other eligible SEPs aged 21 and above in 2020. SEPs who narrowly miss the eligibility criteria may submit appeals.
NTUC’s online application system for SEPs who do not auto-qualify for SIRS will be available from 20 Apr 2020. Meanwhile, enquiries can be sent to SIRS@ntuc.org.sg.

NTUC SIRS@ntuc.org.sg
Other Measures for Businesses
  • Temporary Bridging Loan Programme (TBLP)
Application needed.Click here for more info

Enterprise Singapore (ESG)

www.enterprisesg.gov.sg
6898 1800
enquiry@enterprisesg.gov.sg

  • Enterprise Financing Scheme – SME Working Capital Loan

Application needed.Click here for more info

  • Property Tax Rebates for Non-Residential Properties

Automatic for property owners. By 31 May 2020, all property owners would have received their rebate notices. Property owners will be required to pass on fully the rebate they have received.

IRAS

www.iras.gov.sg
1800 356 8300
qsm@iras.gov.sg

For more details of the measures, click on the button below to watch a video of DPM and Minister for Finance, Mr Heng Swee Keat, delivering the speeches in Parliament.