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k1976

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k1976

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Yahoo Finance
MoneySmart

Government Payouts to Expect for the Rest of 2023 in Singapore—GSTV, Cash, MediSave Top-ups & More​

Audrey Ng
4 September 2023, 6:48 pm
2ad68da4a809b615d14d0e82de51ff47

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 increases in spending due to inflation and the GST rate increase; and for middle-income households, the enhancements will substantially cover their increases in spending,” he said.

Highlighting the global situation, he urged Singaporeans to become more productive and competitive. “Countries are now relooking and adjusting their supply chains. Instead of buying from the cheapest, they are prepared to accept lower efficiency and higher costs to prioritise diversification and strategic resilience. These trends are pushing up inflation everywhere, including Singapore,” he added.
So what sort of payouts are in store for us?

Coming to terms: Understanding the GSTV, Assurance Package, COL & More

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.

GSTV Voucher scheme (GSTV)

This is a permanent scheme introduced in Budget 2012 that seeks to help lower- and middle-income Singaporean households with their expenses, especially what they pay in GST.
There are 4 components to the GSTV:
  1. Cash (immediate needs)
  2. MediSave (for seniors’ medical needs)
  3. U-Save (to offset utilities bills)
  4. Service & Conservancy Charges (S&CC) Rebate (offsets the monthly fees that households pay for the maintenance and upkeep of their common property in the HDB estate)
 

k1976

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Hope karma befall on traitor like u. Fucktard taxi driver
Moi ish Grab Driver... Please take note bro

When majority ish on your side... Everything u do ish always right, I bet your daddy did not teach u, bro
 

orh mee suah

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Come to think of it, when the opposition MPs proposed aid or subsidies to support the less well-off citizens, they were labeled as populists. :sneaky:
 
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