Mr Wong made the comments in a video on his Facebook page about a week before the Budget 2022 statement is delivered on Feb 18.
The additional revenue will go towards supporting Singapore's growing healthcare needs and enable it to better take care of senior citizens, he added. It was held off last year due to the impact of Covid-19 on the economy. However, Prime Minister Lee Hsien Loong indicated in his New Year message that the Government would have to “start moving” on the planned hike in Budget 2022 as the economy emerges from Covid-19.
The Government will also permanently enhance the GST Voucher scheme to better support lower-income families.
Source: News Formal (newsformal.com)
Why not increase it by 1% fr couple of years, since do many feel its not a good time now.
Notice he mentioned help Singapore. Not help Singaporeans...
In short, govt reserves become fatter.
Payback time for all those pandemic handouts coming your way. And its good for you 😚