I need to shift to my sister's house liao...hahaha...

From today’s Budget Speech:

The Jobs Credit that an employer receives will comprise 12% of the first $2,500 of the wages of each employee who is on the CPF payroll. It will be given in four quarterly payments, with each payment being based on the workers who are with the employer at the time. This will therefore provide incentive for employers to retain their local workers. For example, for a worker whose wage is $2,500, an employer will get $900 a quarter, or $300 a month

Super unfair for foreign companies who employ so many expats!!!!!!! Kaoz, the government is subsidizing the companies for the local workers. But then, all the savings will go to the expats!! BAH!!!!!

I tot it's pegged to income also??

This is to encourage companies to keep Singaporeans.

did anyone catch this? so if i have 2 properties, i only pay tax on one? heheh. or is this just my wishful thinking

wishful thinking!

I think if you earn more than $10k per month, it doesn't matter where you stay. :)

This will keep their operating costs low, so Spore more attractive for them to operate at

Government is tapping $4.9 billion into past reserves to fund this budget.

Now he is asking the President to allow this tapping...Why in the world would President say no? If say no, kena hoot

ribena: u wish .... lol can dream on =)

this year's budget quite disappointing. but in the 1st place, wasn't expecting much lah. can keep my job enuff already haha...

keep job is good. got extra is bonus
see open a bit =)

Government will hire more now

C.22. The Government will also be expanding recruitment.

C.23. In all, we expect a total of 18,000 public sector jobs to be made available over the next two years*. (This includes government-supported jobs outside of the Government in areas such as childcare, tertiary education, and restructured hospitals.)

C.24. The Government is not expanding hiring simply to pad up our ranks. We are doing this so as to build up capabilities and strengthen quality. The downturn is the right time to do so, and enhance our ability to deliver quality education, healthcare and other essential services. We also need more people to handle an increased workload and scope of services such as in security and for social schemes. In all these areas we will remain lean and efficient, and avoid over-manning.

* This includes close to 7,500 in teaching positions and teaching support staff for our schools and tertiary institutions, 4,500 healthcare professionals and administrative staff for our hospitals and 1,400 for our Home Team and over 2,000 for MINDEF, which has been announced earlier by the respective ministries. In addition, the rest of the public service have plans to recruit an additional 2,600 jobs over the next 2 years. These jobs comprise policy, operational and administrative positions in various government agencies, as well as positions in more specialised areas such as Project Management, IT, Accounting and Urban Planning.

SINGAPORE: The Singapore government has unveiled a massive S$20.5 billion plan to help Singaporeans keep jobs and viable companies stay afloat in its budget for this year. The highly expansionary budget will result in a S$8.7 billion deficit, the country’s largest deficit ever.

Delivering his Budget Speech in Parliament on Thursday, Finance Minister Tharman Shanmugaratnam said the multi—billon dollar plan, called the Resilience Package, will go into five main areas.

S$5.1 billion would go towards saving jobs. Under this, the government will help employers with their wage bills by giving a 12 per cent cash grant on the first S$2,500 earned by each employee on the CPF payroll.

The scheme, called Jobs Credit, is for a year and will be paid out very quarter, starting from March.

Secondly, the government will step up training programmes by increasing course subsidies for professionals under its Skills Programme for Upgrading and Resilience (SPUR). Mr Tharman said this will result in a total 230,000 training places under SPUR.

Selected tertiary courses at UniSIM and the three publicly—funded universities will also now be made available under SPUR.

Thirdly, in order to encourage low income workers to stay employed, the government will give a temporary additional 50 per cent of the Workfare Income Supplement (WIS). Eligibility criteria will also be relaxed.

The government will also be expanding recruitment across the public sector by 18,000 jobs over the next two years.

Singapore is likely to experience the deepest recession since its independence, arising from the worst global economic decline in 60 years.

Mr Tharman said: "The Resilience Package aims to save jobs to the maximum extent possible in the recession, and to help viable companies stay afloat. It also prepares Singapore to emerge with strength when the global economy recovers, and enhances our capabilities and competitiveness for the long term.

Sianz leh..Not much help for me leh...

More focus on employers than employees. Does that mean that employer will in return give us bonus or pay raise? Don't think so lor.

Can consider investing in education..or go be civil servants.

Low morale.