Page 4 - RSM Budget 2021 Highlights

COVID-19 RESILIENCE PACKAGE

A total of $11 billion has been set aside for COVID-19 Resilience Package which focuses on three prongs (a)
safeguarding public health for all our people so that businesses can re-open safely, (b) continuing support for
workers and businesses, and (c) providing targeted support for the worst-hit sectors.

The Job Support Scheme (“JSS”) aimed at protecting jobs and helping businesses to retain their local employees
(Singapore Citizens and Permanent Residents) will continue to cover wages up to March 2021 for most sectors. The
JSS support is extended for a further six months and three months for Tier 1 and Tier 2 sectors respectively. The
percentage of wage support for the different Tiers are indicated in the table below.

Tier To March 2021* April to June July to September
2021 2021
1 Aviation, aerospace and tourism 50% 30% 10%
2 Retail, arts and culture, food 30% 10% None
services and build environment

3A All other sectors such as Financial 10% None None
Services, Information and
Communications Technology and
Media and Biomedical Sciences

* As announced previously.

The sectors under Tier 1 are most affected by the pandemic and will receive targeted support at a much higher
percentage and for a longer period compared to Tier 2. These include aviation, tourism, land transport sector, taxi
and private hire car drivers as global air travels are still very much curtailed and remain restrictive.

As for all other sectors under Tier 3 which are generally recovering, JSS support will cease after the March 2021
payout. The Property Tax Rebate and Rental Relief Framework introduced last year seem to achieve substantially
what was intended in cushioning the economic consequences brought about by the pandemic on individuals and
businesses. No further measures in this area were announced.

The arts and culture and sports sectors are also deeply affected by the pandemic. The relief packages for these
sectors are extended to this year and enhanced to support capability development and sector transformation, to
encourage the community to deepen skills, go digital and transform business models.

The public health and safe re-opening measures as well as the COVID-19 Recovering Grant which supports workers
who lost their jobs or suffered significant pay cuts will be funded by the Resilience Package also.

To facilitate job seekers moving to new jobs in growth areas, they may draw support from the SGUnited Jobs and
Skills Package as fresh funds are being injected into the scheme which has now been extended.

BUDGET 2021 HIGHLIGHTS | 3