Singapore Budget 2015: Wage credit scheme extended to 2017 but subsidy halved

Singapore Budget 2015: Wage credit scheme extended to 2017 but subsidy halved

SINGAPORE - The Government is extending the Wage Credit Scheme (WCS), which was set to expire this year, to 2016 and 2017, but at half the current rate of subsidy.

The move is to give Singapore employers more time to adjust to the tight local labour market as they continue to restructure, Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam said in his Budget Statement on Monday.

Get all the updates from Budget 2015 here.


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