The Singapore government has recently announced new payouts to support its citizens amidst the ongoing economic challenges caused by the COVID-19 pandemic. This move is part of the government’s efforts to provide relief and assistance to its people during these uncertain times.
The first payout, called the SIRS (COVID-19 Support Grant), will provide financial support to lower-income individuals who have been affected by the pandemic. Eligible individuals will receive up to $800 for three months, helping them meet their basic needs and cope with the economic impact of COVID-19.
The second payout, known as the COVID-19 Recovery Grant (CRG), will provide financial support to individuals who have lost their jobs or faced significant income loss due to the pandemic. This grant will provide a monthly payout of up to $800 for three months, with the option to extend for an additional three months. This will help individuals who are struggling to make ends meet and find employment opportunities during these challenging times.
On top of these payouts, the government has also announced an additional $8 billion in financial support measures, including property tax rebates, rental waivers, and cash assistance for local businesses. This is in addition to the previous initiatives, such as the Jobs Support Scheme and the COVID-19 Support Grant for self-employed individuals.
These payouts are a
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