Upcoming supplementary Budget to include support for social service sector
THE supplementary Budget on Tuesday will include support for the social service sector, Deputy Prime Minister and Finance Minister Heng Swee Keat said in a Facebook post on Sunday.
Ahead of Tuesday's ministerial statement on further support amid the Covid-19 pandemic, Mr Heng had on Saturday heard from 30 social service sector partners, along with Minister for Social and Family Development Desmond Lee, Minister for Culture, Community and Youth Grace Fu, and Minister in the Prime Minister's Office and Second Minister for Finance and Education Indranee Rajah.
The sector representatives had shared about the challenges that they and their clients are facing, with a discussion on how social service agencies can strengthen collaboration and capability building; the potential and constraints of going digital; and difficulties with fund raising during this period.
Mr Heng said he would look at how to better support the social service sector as part of the upcoming Budget, adding: "We will also work with the sector to embrace digitalisation, accelerate transformation and scale up new capabilities."
Tuesday's ministerial statement will present a fourth package of Covid-19 support, focusing on workers and companies that cannot resume activities immediately after the end of the circuit breaker period on June 1. This could mean a further draw on the reserves, with President Halimah Yacob having previously assented to some S$21 billion being drawn from past reserves to help fund Covid-19 support measures announced in March and April.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons