Budget 2022 – Overview of Enterprise Disbursements

Support for Workers and Businesses

SchemesSummaryFAQ/Related
Information
Progressive Wage Credit
Scheme (PWCS)
The Progressive Wage Credit Scheme (PWCS) provides transitional wage support
for employers to adjust to upcoming mandatory wage increases for lower-wage
workers covered by the Progressive Wage and Local Qualifying Salary
requirements and voluntarily raise the wages of lower-wage workers.
The Government will co-fund wage increases for eligible resident employees from
2022 to 2026. IRAS will notify eligible employers and they can expect to receive
the first payout by the 1st Quarter of 2023.
Progressive Wage
Credit Scheme
Small Business
Recovery Grant (SBRG)
The Small Business Recovery Grant (SBRG) provides one-off cash for SMEs that
have been most affected by COVID-19 restrictions over the past year, like those in
the F&B, Retail, Tourism, and Hospitality sectors.
IRAS will notify eligible firms starting in June 2022.
Small Business
Recovery Grant
Jobs Growth Incentive
(JGI)
The Progressive Wage Credit Scheme (PWCS) provides transitional wage support
for employers to adjust to upcoming mandatory wage increases for lower-wage
workers covered by the Progressive Wage and Local Qualifying Salary
requirements and voluntarily raise the wages of lower-wage workers.
The Government will co-fund wage increases of eligible resident employees from
2022 to 2026. IRAS will notify eligible employers and they can expect to receive
the first payout by the 1st Quarter of 2023.
Jobs Growth Incentive

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