Singapore: Singapore civil servants receive a 0.35 month mid-year bonus, and junior officers receive an additional one-time payment of S $ 200 or S $ 400 on Monday (June 20th).
Civil servants of the same grade as MX13 (I) and MX14 will receive an additional one-time payment of S $ 200. Persons of grade equivalent to MX15 and MX16, as well as Persons of Operational Support Scheme (OSS) Grades III to V, will receive a higher one-time payment of S $ 400.
According to PSD, mid-year payments could bring Singapore’s gross domestic product (GDP) growth in 2022 to the lower half of the 3% to 5% forecast range in “economic uncertainty.” It takes into account that it has sex.
After the 2021 economic recovery, Singapore’s economy expanded 3.7% year-on-year in the first quarter of 2022.
“On the labor side, total employment continued to grow and the unemployment rate in February 2022 fell to pre-pandemic levels,” said PSD.
“In Japan, the situation of COVID-19 has stabilized since the end of March, and border restrictions have been lifted.”
However, PSD said in a press release that “Singapore still has significant downside risks.”
He added that this year’s outlook for external demand is worsening, partly due to Russia’s invasion of Ukraine, which “has exacerbated global supply turmoil and negatively impacted many economic growths.”
Last year, civil servants were given a 0.3-month mid-year bonus and a 1-month year-end bonus. Junior grade people also received an additional lump sum last year.
“The pandemic emphasizes the importance of strong public services, and the government is deeply grateful for the diligence and patience of all civil servants who have contributed to the COVID-19 battle and Singapore’s economic recovery,” said PSD. I am.
“When deciding to pay for year-end annual variables, the government will continue to closely monitor economic conditions and take into account the guidelines of the National Wage Council, which will be released later this year.”
