Proposal to Review Social Assistance Payouts to Take into Account Debts of Those Retrenched Such As Renovation Loans and Insurance Payments
- Ms Mariam Jaafar asked if social assistance schemes could review the treatment of debts like renovation loans and insurance payments for middle-income professionals losing jobs.
- Minister Masagos Zulkifli explained that while programs like the COVID-19 Recovery Grant and ComCare provide temporary financial support, cash assistance prioritizes basic daily living expenses and does not cover loans or instalment payments.
- The Minister noted that social service offices assist households with debt management by referring them to financial counsellors and restructuring services, and the government regularly reviews support measures to meet Singaporeans' needs.