Friday, April 10, 2020

Income relief loan - a working example

I prefer an income relief loan to be given to workers who are retrenched or suffer a drop of income during an economic downturn.

The attached paper shows how the relief loan can work. It is based on a sample of 1,000 workers and is projected over a period of 12 months of the economic downturn.

The total amount required for the relief loan for 1,000 workers is $13 million. If this is computed for 3 million workers (i.e. the workforce in Singapore), the required budget is $39 billion.

This relief loan ensures that all the workers are able to maintain their income at 80% of the level for the past year and that the monthly income is sufficient to meet the living expenses.

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3 comments:

Anonymous said...

Mdm Ho Ching is not feeding the Singapore PM properly. When he comes out to address the nation, he looks pale and gaunt. In times like this, he needs energy and strength. The concern he has for the nation is very real. Mdm Ho ching must make an effort to help him to put on weight.

Anonymous said...

PMLee, you should LOOK healthy first, so that you can tell the old folks to look after their health. Thank You.

Jane Morrison said...

Hi everyone, I've seen comments from people who have already received a loan from Anderson Loan Finance. I really thought it was a scam and I applied for a loan based on their recommendations because I really needed a loan. A few days ago, I confirmed on my personal bank account the amount of 12,000 euros that I had requested for a personal loan with a rental percentage of 2%. This is really good news that I am happy with and I advise anyone who needs a real loan and who is certain that they will repay the loan to contact them via email.

They can lend you a loan!
Please contact Mr. Anderson Ray
Email: andersonraymondloanfinance@gmail.com
OR
Email: andersonraymondloanfinance@hotmail.com
Phone: +1 315-329-6320
The office address @ (68 Fremont Ave Penrose CO, 81240) ..

Respectful,

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