Singapore Government
Singapore Budget 2006
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Budget 2006
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Key Budget Initiatives
 

Moving Forward Together: Helping Low-Wage Workers

The Government has accepted the recommendations of the Ministerial Committee on Low Wage Workers, and will take the following measures to help low-wage workers, while encouraging them to work, upgrade, and move ahead through their own efforts.

Expand Job Opportunities

  • Re-create 10,000 jobs a year under enhanced Job Re-creation Programme. ($40m over 3 years)
  • Help companies hire and re-employ more older workers through ADVANTAGE! scheme. ($30m over 2 years)

Higher Skills for Better Jobs

  • Provide workers with clear training and progression pathways through Workforce Skills Qualifications System. ($100m over 3 years)
  • Help 45,000 low-wage workers improve problem-solving and communication skills as well as English, numeracy and IT literacy. ($30 million over 3 years)
  • Provide training opportunities for low-wage workers in SMEs and contract or sub-contract employment arrangements. (Additional $4 million each year)
  • $100 million top-up to Lifelong Learning Fund to ensure that workers have adequate resources for retraining.

Social Support to Enable Work

  • Help needy families with childcare and student care assistance so that they can go out to work, under new Work Support Programme.
  • $100 million top-up to ComCare Fund to help needy households.

Creating Hope for the Future

  • Raise income thresholds and enhance benefits for Financial Assistance Scheme to make education affordable for low-income families.
  • Increase subsidies for kindergarten and childcare for the first and second child from low-income families.
  • Raise income threshold for Edusave Merit Bursary from $3,000 to $4,000.
  • Enhance vocational training programmes for youths to gain employable skills.
  • Expand Home Ownership Plus Education (HOPE) scheme to encourage young, low-income families to focus resources on their children.

Rewarding Work

  • Give Workfare Bonus ($400 to $1200) to older, lower-income workers.
  • Give additional CPF Housing Grant ($5,000 to $20,000) to help low-income households purchase their first homes.

Sharing in the Nation’s Progress

  • Give more help to lower-income Singaporeans under the Progress Package.
 
   
     
 
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