Last year, civil servants received a total of 1.3 months of AVC for the whole year, while lower grade civil servants received a one-off additional amount of up to S$1,200.
PSD noted that Singapore’s economy grew at an annualized rate of 4.1 percent in the third quarter of 2022, slightly down from the previous quarter’s 4.5 percent growth.
“While gross domestic product (GDP) growth continued for 2022, the outlook for outward-looking sectors has weakened due to the deteriorating global economic environment and downside risks to the global economy remain significant,” the report said.
As a result, the Ministry of Trade and Industry has updated Singapore’s GDP growth forecast to around 3.5 percent for 2022, from 3.0 percent to 5.0 percent in May and from 3.0 percent to 4.0 percent in August.”
In the labor market, total employment continues to grow, but there was a slight increase in unemployment rates in September and spending cuts intensified during the quarter, PSD added.
“The public service has come a long way and persevered in the fight to protect Singapore and Singaporeans from COVID-19,” said PSD.
“The government deeply appreciates the hard work and sacrifice of all public officials who have responded to challenges with dedication and tenacity.”