In Parliament on Monday , WP MP Jamus Lim spoke about the impending Goods and Services Tax hike, which raises the GST from 7 per cent to 8 per cent from Jan 1, 2023, and from 8 per cent to 9 per cent from Jan 1, 2024, calling it “irresponsible” and saying that it should be postponed.
Mr Yeoh called the Sengkang GRC MP’s points “excellent,” adding that the GST hike “seems completely unnecessary at the moment” because of the “$30 bn structural fiscal surplus that we have not even begun to publicly delineate clear big spending plans for.” He ended his post by opining that “in the light of this why raise the GST at this potentially most inappropriate and inopportune moment? The government has yet to make even a moderately convincing case for raising the GST near term either in parliament or out of it IMHO.”, mentioned that many of the residents he spoke to lately have voiced concerns over higher prices, which he reiterated in a Facebook post the next day.
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