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SINGAPORE BUDGET 2023
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Singapore could introduce unemployment support as early as Budget 2023

Proposed in 2021 by tripartite partners, such a scheme might be restricted to older or lower-income workers

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Tessa Oh

Tessa Oh

Published Mon, Jan 30, 2023 · 05:50 AM
    • Any unemployment support measures will likely be for vulnerable workers, such as those who are older, have lower-income, or are less educated, one economist told The Business Times.
    • Any unemployment support measures will likely be for vulnerable workers, such as those who are older, have lower-income, or are less educated, one economist told The Business Times. PHOTO: BT FILE

    BUDGET 2023 - to be delivered in Parliament on Feb 14 - could include unemployment support for retrenched workers, though this may only cover a fixed period of joblessness and be for vulnerable workers, said economists.

    In 2021, “unemployment income support” was one of nine recommendations by a taskforce formed by the National Trades Union Congress (NTUC) and the Singapore National Employers Federation (SNEF) to better support professionals, managers and executives (PMEs).

    After NTUC reiterated its call for this last November, Manpower Minister Tan See Leng said the government is “looking very carefully” at how to structure such a scheme.

    Singapore manpowerSingapore economySingapore Budget 2023UnemploymentSpotlight

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