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SOLIDARITY BUDGET FOR COVID-19 CIRCUIT-BREAKER: WHAT TO EXPECT?

Dear readers, DPM Heng will announce a Budget called the Solidarity Budget today. The Solidarity budget is the third of three budgets announced this year-to-date and is aimed to help workers, companies and households tide through the Covid-19 Circuit-Breaker period.

I expect that there could be measures for households such as utility bills rebate in view that households would likely chalk up more electricity, gas and water consumption with an increased period staying at home.

There may also be some support to help those households which may not be well-equipped for home-based learning or working-from-home. In this regard, I think there could be some vouchers for households to purchase IT equipment like laptops or computers.

I also think that the Skillsfuture credits for employees would be further topped up for them to learn more skills in this uncertain economical climate.

That’s it for my insights today.  I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! Connect with me here to follow the daily exciting and useful posts on these two blogs, Thank You for your support!


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