Budget 2023: Up to S$400 cash for eligible Singaporeans, more CDC vouchers to allay cost-of-living concerns Budget2023
SINGAPORE: The Government will hand out a one-time"cost-of-living special payment" and another S$300 in Community Development Council vouchers to allay inflation concerns.
The payment, made under the Assurance Package, will be disbursed in June to about 2.5 million adult Singaporeans, said the Ministry of Finance. He said that on average, for lower-income households, the support will"fully cover" increases in spending due to inflation and the higher Goods and Services Tax rate. For middle-income households, the support will"substantially cover" their increased spending.Mr Wong also outlined other one-off support measures made under the Assurance Package.
In addition, U-Save rebates will be doubled over the next three tranches of disbursement in April, July and October, to help offset the utilities expenses of households in Housing Board flats. To illustrate what the enhanced support means, Mr Wong said that a lower-income family with two young children will receive about S$5,500 in benefits, comprising cash, top-ups to the CDA and MediSave, U-Save and service and conservancy charges rebates, and CDC vouchers.
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