We’ll be curating stories from management guru John Bittleston and making them free to read.She noted that a Goods and Services Tax hike, planned for some time between 2021 and 2025, is needed to ensure financial sustainability, as the government looks to spend more on supporting younger families and older workers while fighting climate change."Over the past decade, government expenditure has more than doubled.
The NIRC grew from S$7 billion in 2009 to S$17 billion in 2019, partly due to the inclusion of Temasek Holdings in the framework in 2015. But a GST offset package for Singaporeans is in the works, and details will be announced at Budget 2020.
Source: News Formal (newsformal.com)
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