SINGAPORE: Civil servants in Singapore will receive a 0.3-month mid-year bonus and junior grade officers will get an additional one-time payment of up to S$400 (US$298), the Public Service Division (PSD) said on Monday (Jun 19). Civil servants in grades equivalent to MX13(I) and MX14 will receive an
SINGAPORE: Civil servants in Singapore will receive a 0.3-month mid-year bonus and junior grade officers will get an additional one-time payment of up to S$400 , the Public Service Division said on Monday .
"This mid-year payment takes into consideration the weakened economic outlook, and significant downside risks that remain in the global economy," said PSD. The Ministry of Trade and Industry has maintained a GDP growth forecast of 0.5 per cent to 2.5 per cent for 2023, with growth likely to come in at around the mid-point of the forecast range.
"The downside risks include the impact of tighter global financial conditions and the risk of further escalations in geopolitical tensions."
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