You are here
Singapore Budget 2015: Subsidies for mid-career Singaporeans to be enhanced
For more stories, analysis and infographics on Singapore Budget 2015, head to btd.sg/budget_15
The government will enhance education and training subsidies for mid-career Singaporeans, said Tharman Shanmugaratnam, Deputy Prime Minister and Minister of Finance, on Monday.
All Singaporeans aged 40 and above will receive subsidies enhanced to a minimum of 90 per cent of training costs for courses funded by the Ministry of Education and Singapore's Workforce Development Agency.
These will be implemented later in the year.
The government will also introduce SkillsFuture Study Awards, for individuals who wish to develop the specialist skills required for Singapore's future growth clusters. In addition, it will introduce SkillsFuture Fellowships, to develop Singaporeans to achieve mastery in their respective fields.
Finally, the government will work with companies to grow Singaporean corporate leaders under the SkillsFuture Leadership Development Initiative.