Mr Gerald Giam Yean Song: To ask the Minister for Trade and Industry with regard to the erroneous $370 million payout under the Jobs Support Scheme (a) how much has been recovered thus far; (b) whether companies that may have already used the money will be able to pay back in instalments; and (c) what actions will be taken if firms refuse to pay back the amounts.
Written Answer by Minister for Trade and Industry Mr Chan Chun Sing
1. As at the first week of May 2021, we have recovered $250 million (68%) and secured commitments for the return of another $83 million (22%) from larger affected firms which are in the process of returning this sum. Businesses that face cashflow difficulties may approach us for assistance. Instalment payment arrangements will be available for businesses that need them.