futureGov, 24 Mar 2009, Robin Hicks
Singapore’s Ministry of Finance (MOF) has revealed details of the plan behind the Jobs Credit Scheme, the S$4.5 billion (US$3 billion) initiative introduced earlier this year to save jobs by subsidising part of employers’ wage bills.
The Jobs Credit Scheme raised eyebrows not only because the scale of the measure to bail-out companies and protect jobs, but the speed with which it was rolled out – it was finalised only a week before the 2009 Budget was announced on January 22nd.
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