Part 7/10:
Experts caution that schemes like the Jobs Support Scheme (JSS), which dispersed over SGD 21 billion last year, cannot continue indefinitely due to fiscal constraints. It is recognized that while these measures were critical, a balanced approach will be necessary to sustainably restore the economy.
Supporting Employment and Skills Development
Key initiatives such as SkillsFuture Enterprise Credit and Jobs Growth Incentive are expected to be maintained or enhanced to encourage hiring, particularly for locals aged 40 and above. These programs aim to upskill the workforce and increase employment opportunities, ensuring a resilient labor market.