S$1.1b Covid-19 support package to aid workers, businesses hit by tighter measures
A S$1.1 billion support package is being rolled out to aid workers and businesses affected by Phase 2 (Heightened Alert) measures, including an enhanced Job Support Scheme (JSS) for affected sectors and additional support for hawkers and market stallholders, the Ministry of Finance (MOF) said on Friday.
The support package will come from reallocations made possible by underutilisation of funds due to Covid-19 as well as fiscal resources set aside earlier in the event of an extension of support measures, MOF said.
Finance Minister Lawrence Wong said in an Instagram video post on Friday: "I've been engaging, virtually, our business leaders and trade associations to get their feedback and to see how the government can provide better support."
Based on the inputs, the support package was put together to help businesses and workers "tide through this heightened alert period", Mr Wong added.