Deputy Prime Minister and Minister for Finance Heng Swee Keat had earlier announced support in the Unity, as well the Resilience and Solidarity Budgets to protect families and the community. The COVID-19 pandemic has hit households and vulnerable groups with new challenges, and will test our resolve as a society.
The latest Fortitude Budget, announced on 26 May 2020, is hence aimed at helping Singaporeans and the most vulnerable among us to cope with the disruptions and seize new opportunities during this difficult time. Here’s an overview:
Supporting Singaporeans with their household expenses
- One-off $100 Solidarity Utilities Credit to each household with at least one Singapore Citizen. This covers all property types and will be credited in the July or August bill.
- The Care and Support Package cash payout of up to $600 for eligible Singaporeans as well as the $300 cash payout for each parent with young children will be paid out in June.
Ensuring access to digital resources for all
- Accelerated timeline for all secondary school students to own a digital learning device
- Seniors Go Digital Movement by IMDA to support seniors to adopt digital channels
- Financial support for lower-income seniors to own a digital device
Helping charities and social service agencies
- Dollar-for-dollar matching on eligible donations, up to a cap of $250,000 per charity
- A $100 million top-up to strengthen support for charities
- A $18 million top-up to Invictus Fund to help social service agencies maintain services and retain staff
For more on the Fortitude Budget, click here.
For more on Budget 2020, visit http://www.singaporebudget.gov.sg