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Written Answer to PQ on Data on Involuntary Unemployment and Financial Impact of Unemployment Support Scheme on Taxpayer

Employment practices

NOTICE PAPER NO. 2356 OF 2023 FOR SITTING ON OR AFTER 08 NOVEMBER 2023

QUESTION NO. 5194 FOR WRITTEN ANSWER

MP: Mr Yip Hon Weng

To ask the Minister for Manpower (a) whether the Ministry has accurate data on individuals who are involuntarily unemployed; (b) how will the Ministry define what is a sufficient monthly payout quantum for individuals under the SkillsFuture’s unemployment support scheme; (c) what is the estimated financial impact of this scheme; (d) how does the Government intend to fund this scheme; and (e) whether it will lead to potential tax hikes such as GST or income tax.

Answer

The Ministry of Manpower is studying the parameters for the scheme to support involuntarily unemployed workers to bounce back into jobs. More information will be announced at a later stage.