A second co-vid package worth 48 billions

@id_peace (17036)
Singapore
March 26, 2020 7:55am CST
It was at this afternoon when my deputy prime minister and finance minister had announced a second co-vid package worth 48 billion dollars. Basically there is a first package of 6.4 billion dollars if I remember correct. The problem is that I do not remember what it encompass. While it is nowhere near the 2 trillion dollars package set by USA, given the difference in the number of the population, I will like to think that the package is still a generous one. There are several measures target at the companies which I will not mention here. As a Singaporean, they can defer my public housing loan payment and interests up to 3 months if needed. This does not apply to me. The student loan will be suspended for up to a year if the new graduates find that they have trouble paying the loan. For all Singaporeans, we will get an amount between $300 to $900 dollars for our consumption in an one time payment. I will also be waived off all government charges. I am not sure exactly what it meant. I will like to assumed that my conservative charges and property taxes will be waived off. They will also increase additional discount to our electric and water expenses. For the Singaporeans that need more help, there will be more wages supplement, cash grants of $800 dollars for 3 months as well as grocery vouchers for those whom stay in one or two room apartment. Based on my own calculation on the second package, I will be able to get $1,800 or so in term of benefits and cash assistance in the second co-vid package. Potentially I could get more but I cannot remember what is the first package about.
8 people like this
10 responses
@yoalldudes (35030)
• Philippines
26 Mar 20
It will at least be helpful to you.
3 people like this
@id_peace (17036)
• Singapore
26 Mar 20
Yes I am very appreciative.
1 person likes this
@DianneN (254949)
• United States
26 Mar 20
It’s all so confusing to me, but it won’t apply to us. I’m happy for you. It will be very helpful.
2 people like this
@id_peace (17036)
• Singapore
26 Mar 20
Thank you. It is a series of schemes to help us which is not like US which just give cash to their citizens.
2 people like this
@id_peace (17036)
• Singapore
1 Apr 20
That is true, my government is deferring student loans and public housing loans. the rest will be between the bank and the borrower.
1 person likes this
@GreatMartin (23670)
• Ft. Lauderdale, Florida
28 Mar 20
@id_peace It is NOT just giving cash to people--a lot concerns student loans, mortgages, food, etc.
2 people like this
@rappeter13 (8608)
• Romania
26 Mar 20
It seems governments are trying to help the economy and the people as much as they can. It is a burden to the yearly budget, I am sure.
2 people like this
@id_peace (17036)
• Singapore
27 Mar 20
Yes the first priority is to keep people employed.
2 people like this
@RebeccasFarm (91299)
• United States
26 Mar 20
Wow amazing. All countries have plenty of money.
2 people like this
@id_peace (17036)
• Singapore
27 Mar 20
Yes just whether they are willing to spend it. Now my people are a lot happier knowing that the taxes and charges that we are paying to the government are used to pay for the packages.
@xstitcher (39015)
• Petaluma, California
1 Apr 20
@id_peace I'm sure there are, I just have trouble keeping up with them.
1 person likes this
@JudyEv (381929)
• Rockingham, Australia
26 Mar 20
It's good that governments are trying to come up with ways to help their citizens.
2 people like this
@id_peace (17036)
• Singapore
27 Mar 20
Yes, today they said that they do not rule out a third package to strike at the issues that co-vid virus is bringing.
2 people like this
@Sojourn (13833)
• India
26 Mar 20
Is that in USD or Singapore Dollars?
2 people like this
@id_peace (17036)
• Singapore
27 Mar 20
That is in Singapore Dollar. In USD it is around $1,285 direct benefits on the second package. I cannot remember what is for me on the first package. Hence the amount is definitely more than 1300 dollars for sure.
2 people like this
@Sojourn (13833)
• India
27 Mar 20
@id_peace Still good.
2 people like this
@xstitcher (39015)
• Petaluma, California
31 Mar 20
I have trouble keeping up with all the different COVID news here in the US. I'm trying to keep busy otherwise.
1 person likes this
@id_peace (17036)
• Singapore
1 Apr 20
Are there no consolidated news update?
@LadyDuck (502251)
• Italy
26 Mar 20
As we are retirees we receive our monthly pension for the Government as usual.
1 person likes this
@id_peace (17036)
• Singapore
27 Mar 20
Oh I see not much difference from the way I see it.
2 people like this
@LadyDuck (502251)
• Italy
27 Mar 20
@id_peace It's more or less the same, when we stop working we receive a monthly pension from the Government.
1 person likes this
@GreatMartin (23670)
• Ft. Lauderdale, Florida
28 Mar 20
Right now I don't know what, if anything, I will be getting from the deal--will have to wait and see!
1 person likes this
@id_peace (17036)
• Singapore
29 Mar 20
I know that most American should get $1,200 or so.
@happylife1 (13403)
• Karachi, Pakistan
1 Apr 20
hopefully it will help needy peoples
1 person likes this
@id_peace (17036)
• Singapore
1 Apr 20
Oh yes, I am one of those needy that they need to help.