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, the Fortitude Budget on 26 May 2020, the Ministerial Statement on 17 August 2020, and the Ministerial Statement on 5 October 2020. The Resilience, Solidarity, Fortitude Budgets, and the August and October Ministerial Statements 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 Booklet summarises the key measures introduced at Budget 2020, Resilience Budget, Solidarity Budget, Fortitude Budget, the August Ministerial Statement, and the October Ministerial Statement. 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, the Solidarity Budget, the Fortitude Budget, the August Ministerial Statement, and the October Ministerial Statement? Click here to find out more.

+ More Information


Key Budget 2020 Schemes and relevant agencies (pdf 340kb)

Key COVID-19 Measures for Individuals and Households
(Updated as of 22 September 2020)

Key Schemes Action Needed? How can I apply? How can I enquire or appeal? What if I do not know how to use online channels? Where can I find more info?
Households and Individuals
Cash Payouts
  • Solidarity Payment

Automatic for SCs and LTVP+ holders

Applications for PRs living in Singapore with Singaporean parent(s), spouse, or child(ren) have closed on 10 May 2020.

Call 1800-2222-888 or submit an enquiry / appeal form via https://go.gov.sg/csp2020contact

Call 1800-2222-888.

https://go.gov.sg/sp2020
  • Care and Support Package

Automatic

N/A

Call 1800-2222-888 or submit an enquiry via https://go.gov.sg/csp2020


Call 1800-2222-888. https://go.gov.sg/csp2020
  • Workfare Special Payment

Automatic

N/A

Call 1800-227-1188 or submit an enquiry / appeal form via workfare@govtopup.gov.sg

Call 1800-227-1188.

https://go.gov.sg/csp2020
  • Solidarity Utilities Credit

Automatic

N/A

Call 6671-7117 or email customersupport@spgroup.com.sg

Call 6671-7117.

https://go.gov.sg/fortitude2020
  • Tourism Credits

STB will provide more details in due course

STB will provide more details in due course

STB will provide more details in due course

STB will provide more details in due course

STB will provide more details in due course

Temporary Assistance
  • COVID-19 Support Grant (from 4 May)

Application

Apply via Go.gov.sg/csg from 4 May to 31 Dec 2020.

  • SC or PR aged 16 and above;
  • Livelihood affected by COVID-19 through one of the following:
    • Lost job due to COVID (after 23 Jan 2020); or
    • Involuntary NPL for at least 3 consecutive months; or
    • Experiencing reduced monthly salary of at least 30% for at least 3 consecutive months,
  • Prior gross monthly household income ≤ $10,000, or monthly per capita income ≤ $3,100;
  • Lives in a property with AV ≤ $21,000;
  • (From 1 Oct 2020) Does not own more than one property
  • (Only for unemployed applicants from 1 Oct 2020)
    Demonstrate efforts in job search or training
  • Not on ComCare assistance
  • Not on SIRS
  • Not a full-time NSF or intern

Call 1800-222-0000 or email Ask_SSO@msf.gov.sg

Call 1800-222-0000 to schedule an application slot at your nearest SSO.

https://Go.gov.sg/csg

Employment
  • SG United Jobs

Application

Browse and search for SGUnited Jobs opportunities through https://mycareersfuture.sg
https://sgunitedjobs.gov.sg

Call 6883-5885.

Call 6883-5885 to make an appointment with WSG’s Careers Connect.

https://mycareersfuture.sg
  • SGUnited Traineeships

Application

For attachment opportunities:

Apply through mycareersfuture.sg, by searching #SGUP from 1 August 2020 onwards.

For training opportunities:

Apply through http://www.myskillsfuture.sg/content/portal/en/training-exchange/course-landing.html, and keying in “SGUP” in the search bar.

For attachment opportunities:

Call 6883 5885 or contact Workforce Singapore at http://www.ssg-wsg.gov.sg/about/contact-us.html

For training opportunities:

Contact SkillsFuture Singapore at www.ssg.gov.sg/feedback

For attachment opportunities:

Call 6883 5885

For training opportunities:

Contact SkillsFuture Singapore at 6785 5785

https://www.ssg-wsg.gov.sg/programmes-and-initiatives/sgunitedmidcareerpathwaysprogramme.html
  • SGUnited Mid-Career Pathways Programme

Application

For attachment opportunities:

Apply through mycareersfuture.sg, by searching #SGUP from 1 August 2020 onwards.

For training opportunities:

Apply through https://www.myskillsfuture.sg/content/portal/en/training-exchange/course-landing.html, and keying in “SGUP” in the search bar.

For attachment opportunities:

Call 6883 5885 or contact Workforce Singapore at http://www.ssg-wsg.gov.sg/about/contact-us.html

For training opportunities:

Contact SkillsFuture Singapore at www.ssg.gov.sg/feedback

For attachment opportunities:

Call 6883 5885

For training opportunities:

Contact SkillsFuture Singapore at 6785 5785

https://www.ssg-wsg.gov.sg/programmes-and-initiatives/sgunitedmidcareerpathwaysprogramme.html
Loans and Insurance Commitments
  • Defer Repayment of Residential Property Loans

Application

Apply directly to your bank or finance company through its official website, mobile app, or phone hotline

Call 6225 5577 or submit an enquiry through https://www.mas.gov.sg/feedback/

Call 6225 5577.

www.mas.gov.sg/regulation/covid-19

  • Lower Interest on Personal Unsecured Credit

Application

Apply directly to your bank or finance company through its official website, mobile app, or phone hotline

Call 6225 5577 or submit an enquiry through https://www.mas.gov.sg/feedback/

Call 6225 5577.

www.mas.gov.sg/regulation/covid-19

  • Defer Premium Payments for Life and Health Insurance

Application

Apply directly to your insurer through its official website, mobile app, or phone hotline

Call 6225 5577 or submit an enquiry through https://www.mas.gov.sg/feedback/

Call 6225 5577.

www.mas.gov.sg/regulation/covid-19

  • Flexible Instalment Plans for General Insurance

Application

Apply directly to your insurer through its official website, mobile app, or phone hotline

Call 6225 5577 or submit an enquiry through https://www.mas.gov.sg/feedback/

Call 6225 5577.

www.mas.gov.sg/regulation/covid-19

Key COVID-19 Measures for Businesses and Self-Employed
(Updated as of 22 September 2020)

Key Schemes Action Needed? How can I apply? How can I enquire or appeal? What if I do not know how to use online channels? Where can I find more info?
Businesses & Self-Employed
Cash Support
  • Jobs Support Scheme

Automatic

N/A

Call 1800-352-4728 or submit an appeal form via https://go.gov.sg/jss

Call 1800-352-4728.
IRAS service counters are in operation from 2 June (by appointment only).

https://go.gov.sg/jss

  • Enhanced Wage Credit Scheme

Automatic

N/A

Call 1800-352-4727 or email wcs@iras.gov.sg

Call 1800-352-4727.
IRAS service counters are in operation from 2 June (by appointment only).

http://www.iras.gov.sg/irasHome/wcs.apx

  • Jobs Growth Incentive

Automatic

N/A

More details will be made available on IRAS’s website by 1 Sep 2020.

More details will be made available on IRAS’s website by 1 Sep 2020.

More details will be made available on IRAS’s website by 1 Sep 2020.

Self-Employed
  • Self-Employed Person Income Relief Scheme (SIRS)

Automatic for eligible SEPs aged 37 and above in 2020 who declared positive SEP income for Work Year 2018

Those who are automatically eligible for SIRS will be notified via SMS and letter by 29 May 2020.

If you have not received a notification by 29 May 2020, please submit an application for SIRS through NTUC. To submit an application, please visit https://www.ntuc.com.sg/sirs

For enquiries on auto-eligibility for SIRS, please submit an enquiry form via https://www.cpf.gov.sg/writetous


For other enquiries on applications and / or appeals, email SIRS@ntuc.org.sg

Call NTUC SIRS hotline at 6713-5777.

https://www.ntuc.com.sg/sirs
Rental Relief
  • Property Tax Rebate for Non-Residential Properties

Automatic for eligible property owners

Property owners are required to pass on fully the rebate to their tenants, in accordance with the COVID-19 Act and COVID-19 (Temporary Measures) (Transfer of Benefit of Property Tax Remission) Regulations 2020.

By 31 May 2020, all property owners would have received their rebate notices. Property owners can also access their rebate notices on myTax Portal.

Call 1800-356-8300 or email qsm@iras.gov.sg

Call 1800-356-8300.
IRAS service counters are in operation from 2 June (by appointment only).

https://www.iras.gov.sg/irashome/Property/Property-owners/Working-out-your-taxes/Property-Tax-Reliefs/

https://www.iras.gov.sg/irashome/uploadedFiles/IRASHome/e-Tax_Guides/Property Tax Rebate for Non-Residential Properties in 2020 (Fourth Edition).pdf

  • Rental Relief for SME tenants in Non-Residential Properties

Automatic disbursement to qualifying property owners

IRAS will inform and disburse the Government cash grant to the qualifying property owners starting from end-July 2020.

Call 1800-356-8300 or email qsm@iras.gov.sg

Call 1800-356-8300.
IRAS service counters are in operation from 2 June (by appointment only).

https://www.iras.gov.sg/irashome/COVID-19-Support-Measures-and-Tax-Guidance/
Loan Support
  • Temporary Bridging Loan Programme

Application

Apply via any of the participating financial institutions listed in the link below: https://www.enterprisesg.gov.sg/financial-assistance/loans-and-insurance/loans-and-insurance/temporary-bridging-loan-programme/apply

Call 6898-1800 or email enquiry@enterprisesg.gov.sg

Call 6898-1800, or approach any of the participating financial institutions listed in the link below:
https://www.enterprisesg.gov.sg/financial-assistance/loans-and-insurance/loans-and-insurance/temporary-bridging-loan-programme/apply

https://www.enterprisesg.gov.sg/financial-assistance/loans-and-insurance/loans-and-insurance/temporary-bridging-loan-programme/overview
  • EFS – SME Working Capital Loan

Application

Apply via https://www.enterprisesg.gov.sg/financial-assistance/loans-and-insurance/loans-and-insurance/enterprise-financing-scheme/sme-working-capital/apply

Call 6898-1800 or email enquiry@enterprisesg.gov.sg

Call 6898-1800, or approach any of the participating financial institutions listed in the link below:
https://www.enterprisesg.gov.sg/financial-assistance/loans-and-insurance/loans-and-insurance/enterprise-financing-scheme/sme-working-capital/apply

https://www.enterprisesg.gov.sg/financial-assistance/loans-and-insurance/loans-and-insurance/enterprise-financing-scheme/sme-working-capital/apply
  • Enterprise Financing Scheme – Trade Loan

Application

Apply via any of the participating financial institutions listed in the link below: https://www.enterprisesg.gov.sg/financial-assistance/loans-and-insurance/loans-and-insurance/enterprise-financing-scheme/trade-loan/apply

Call 6898-1800 or email enquiry@enterprisesg.gov.sg

Call 6898-1800, or approach any of the participating financial institutions listed in the link below:
https://www.enterprisesg.gov.sg/financial-assistance/loans-and-insurance/loans-and-insurance/enterprise-financing-scheme/trade-loan/apply

https://www.enterprisesg.gov.sg/financial-assistance/loans-and-insurance/loans-and-insurance/enterprise-financing-scheme/trade-loan/overview
  • Loan Insurance Scheme

Application

Apply via any of the participating financial institutions listed in the link below: https://www.enterprisesg.gov.sg/financial-assistance/loans-and-insurance/loans-and-insurance/loan-insurance-scheme/

Call 6898-1800 or email enquiry@enterprisesg.gov.sg

Call 6898-1800, or approach any of the participating financial institutions listed in the link below:
https://www.enterprisesg.gov.sg/financial-assistance/loans-and-insurance/loans-and-insurance/loan-insurance-scheme/

https://www.enterprisesg.gov.sg/financial-assistance/loans-and-insurance/loans-and-insurance/loan-insurance-scheme/
Assistance with Loan and Insurance Commitment
  • Defer Payment of Principal on Secured SME Loans

Application

Apply directly to your lender to defer principal repayment of your SME’s loan until 31 Dec 2020. Loan term may be extended by up to the corresponding principal deferment period.

Call 6225 5577 or submit an enquiry through https://www.mas.gov.sg/feedback/

Call 6225 5577.

www.mas.gov.sg/regulation/covid-19
  • Lower Interest on SME Loans

Application

Banks and finance companies can apply for MAS funding for new loans supported under Enterprise Singapore’s SME Working Capital Loan scheme and Temporary Bridging Loan Programme.

Call 6225 5577 or submit an enquiry through https://www.mas.gov.sg/feedback/

Call 6225 5577.

www.mas.gov.sg/regulation/covid-19
  • Assistance with Insurance Premium Payment

Application

Apply directly to your insurer through its official website, mobile app, or phone hotline

Call 6225 5577 or submit an enquiry through https://www.mas.gov.sg/feedback/

Call 6225 5577.

www.mas.gov.sg/regulation/covid-19
Temporary Relief for Inability to Perform Contracts (20 Apr to 19 Oct 2020)

  • Temporary relief from legal action for inability to perform certain contracts, as well as increased thresholds for bankruptcy and insolvency for financially distressed individuals and businesses

Application

  1. First, confirm that you are eligible for relief on MinLaw’s website at:

    http://www.mlaw.gov.sg/covid19-relief

  2. Second, serve a Notification for Relief on the other party or parties to the contract, using the form at

    https://www.mlaw.gov.sg/covid19-relief/notification-for-relief

  3. The Notification for Relief must also be served on any guarantor or surety for the obligation in the contract, and/or the issuer of any related performance bond (if any).

  4. After the notification is served, the other parties of the contract cannot take certain types of action to enforce the obligation during the period of relief, such as commencing or continuing an action in court.

    Note: The measures apply to contractual obligations that are to be performed on or after 1 Feb 2020 and only for contracts that were entered into before 25 Mar 2020. The period of relief will be for six months, from 20 Apr 2020 to 19 Oct 2020, in the first instance. The period of relief may be extended to up to a year.

Call 1800 2255 529 or 62255 529, or submit an enquiry through
https://www.mlaw.gov.sg/contact-us/

Call 1800 2255 529 or 62255 529.

https://www.mlaw.gov.sg/covid19-relief
Digital Transformation Support
  • Digital Resilience Bonus

Automatic

There is no need for enterprises to apply for the Bonus. IMDA will work with pre-approved vendors and platforms and automatically pay out the Bonus to eligible enterprises.

To find out whether the solution adopted qualifies for Digital Resilience Bonus, you may visit www.imda.gov.sg/DRBonus, or check with your solution provider.

Call IMDA Contact Centre at 6377 3800 or contact IMDA at info@imda.gov.sg

Call IMDA Contact Centre at 6377 3800

Contact IMDA at info@imda.gov.sg, or visit www.imda.gov.sg/DRBonus
  • Hawkers Go Digital programme

Application

Stallholders who wish to sign-up for the solution can find out more at www.imda.gov.sg/hawkersgodigital

Call IMDA Contact Centre at 6377 3800 or contact IMDA at info@imda.gov.sg

Call IMDA Contact Centre at 6377 3800

For more information about the unified e-payment initiative, visit https://www.imda.gov.sg/hawkersgodigital

For more information, contact info@imda.gov.sg

  • National Innovation Challenges

Technology Solvers who are keen to participate in digital innovation challenges can visit www.openinnovation. sg.

ESG and IMDA will provide more details in due course for the National Innovation Challenges.

 

Technology Solvers can register their interest in the Open Innovation Platform at www.openinnovation.sg

Contact Open Innovation Platform at info@openinnovation.sg

Call IMDA Contact Centre at 6377 3800

Contact Open Innovation Platform at info@openinnovation.sg
Any other query on Singapore’s Budget 2020

Please email SGBudget@mof.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.