During the Budget 2023 statement in February this year, Deputy Prime Minister Lawrence Wong announced a suite of support measures to allay inflation concerns. He said that these measures were to help Singaporeans tide through this period of higher inflation and cushion the impact of the new GST rates. 'On average, for lower-income households, the enhancements will fully cover the...
During the Budget 2023 statement in February this year, Deputy Prime Minister Lawrence Wong announced a suite of support measures to allay inflation concerns. He said that these measures were to help Singaporeans tide through this period of higher inflation and cushion the impact of the new GST rates.
Highlighting the global situation, he urged Singaporeans to become more productive and competitive. "Countries are now relooking and adjusting their supply chains. There are a couple of different umbrella terms for these categories of government payouts that were announced, so here’s a quick run-through of the terms before we proceed further.scheme introduced in Budget 2012 that seeks to help lower- and middle-income Singaporean households with their expenses, especially what they pay in GST.Service & Conservancy Charges Rebate A $6 million AP was announced in Budget 2020 to cushion the impact of the planned GST increase for all Singaporeans.
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