NDR 2023: Govt studying if Assurance Package can be enhanced to help S’poreans cope with GST hike

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NDR 2023: Govt studying if Assurance Package can be enhanced to help S’poreans cope with GST hike
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PM Lee said he has asked Finance Minister Lawrence Wong to study carefully if the package can be further enhanced. Read more at straitstimes.com.

The support package represents the Government’s commitment to ensure that the impact of the GST increase will be offset for the majority of Singaporean households for at least five years, and for lower-income households for about 10 years.

In January 2024, Community Development Council Vouchers will be issued again – “in time for everyone to buy goodies for Chinese New Year”, he said.Interactive: What is your personal inflation rate? “The long-term solution is to make ourselves more productive, transform our businesses, and grow our economy,” he said. “Then our real incomes can rise, and we can all be better off.”starting with Singapore citizens and permanent residents aged 60 and above.He and his wife, Madam Ho Ching, have enrolled, he said.

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