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https://www.mof.gov.sg/docs/default-source/default-document-library/news-and-publications/featured-reports/17-feb-2022-6-30pm-assessment-of-the-impact-of-key-covid-19-budget-measures.pdf?sfvrsn=828ebb24_2 https://www.mti.gov.sg/-/media/MTI/Resources/Economic-Survey-of-Singapore/2021/Economic-Survey-of-Singapore-2021/FA_AES2021.pdf I always thought about the merits of the jss scheme as it is by far the most expensive policy ever costing 28 billions dollars. It is very different from other countries where by companies furlough workers and gov pay the support directly to the workers. In Singapore, the money is paid to capital, owners of companies and employers. I can understand roughly the reason for it but I don’t understand why is jss paid to every tier 3 company? Even firms in electronics, pharma, sectors which is not impacted at all by covid. Those money in reality will just be given to the rich employers which then fuel inflation which we are seeing now. by the gov own study, they spend more than 2x of the money funding tier 3 companies and it it’s cost effectiveness in terms of saving jobs is so much lower, just 0.02 vs 0.44 for tier 1 companies. I thought tier 3 companies should be opt in for jss on a need basis. We spend a total of 19 billion funding jss for tier 3 companies. A 10% savings would be 2 billion… and less hot money into the economy. If you want to blanket give money like ns55, at least give it to the workers not employers…. I was wondering why interest rate goes up and people still have lots of money to buy properties…. All full cash no need to take loan?