Workers' Party says S$1.5b support package 'step in the right direction' but does not support GST hike

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 66%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

SINGAPORE: The Workers\u0027 Party said that the Government\u0027s S$1.5 billion support package to help vulnerable Singaporeans cushion the impact of inflation is a \u0022step in the right direction\u0022. However, the opposition party added that it does not support an increase in the Goods \u0026 Services Tax (GST)

SINGAPORE: The Workers' Party said that the Government's S$1.5 billion support package to help vulnerable Singaporeans cushion the impact of inflation is a"step in the right direction".

"The Workers' Party will continue to argue against the proposed GST increase in Parliament, as well as for alternative forms of revenue generation, such as wealth taxes or raising the reserves contribution ceiling." He said that healthcare spending is rising rapidly due to Singapore's ageing population. While taxes are set to be raised on luxury cars, property and on high-income earners, Mr Wong said that these moves are not enough to cover the revenue required.What you need to know about the S$1.

Mr Wong said on Tuesday while inflation is a concern, there are mid- to long-term challenges to deal with that Singapore cannot put off, including climate change and Singaporeans' increasing healthcare needs.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The govt shd consider not taxing food. Food constitutes a major part of a poor family's expenditure. Just tax everything else but food .

Agreed, they're throwing their voters scraps, not like they're supporting us with up to $300 per day for 3 years, during the GST hike! 🙄🙄🙄

For the middle income, just buy what u need and not what u want, tighten our pocket. We will get through this. I hope the gov will give more support to those who need financial assistance. Can our CDC vouchers be donated to those who really need them?

Is that anecdotal ? or did they crunch the numbers

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Macron holds postelection talks with French party leadersPARIS: French President Emmanuel Macron was holding talks on Tuesday (Jun 21) with France’s main party leaders after his centrist alliance failed to win an absolute majority in parliamentary elections. The meetings at the Elysee presidential palace come after Prime Minister Elisabeth Borne formally offer
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

China’s political party school in Africa takes first students from 6 countriesFuture leaders from ruling political parties in Tanzania, South Africa, Mozambique, Zimbabwe, Namibia and Angola have attended their first session at a training school funded with US$40 million (S$55.4 million) support from China’s Communist Party. The construction of the Mwalimu Julius Nyerere Leadership School in Kibaha, 40km outside Dar es Salaam in Tanzania, was financed by the six ruling parties...
Source: asiaonecom - 🏆 10. / 59 Read more »

No draw on reserves needed to fund $1.5b support package, says Lawrence WongOnly draw on citizens earnings So why need to increase GST?
Source: straits_times - 🏆 5. / 69 Read more »


Source: BusinessTimes - 🏆 15. / 51 Read more »

How will S'pore's $1.5b support package help residents, businesses cope with global inflation?A $1.5 billion support package was announced on Tuesday (June 21) to help households and businesses in Singapore tackle the impending economic challenges resulting in higher global inflation. Here are some of the key measures: For individuals and... Right hand give. Left hand take back. 🤦‍♂️ what is the point!!!!! Can buy more 4D to fight inflation
Source: thenewpaper - 🏆 7. / 63 Read more »

What you need to know about Singapore's new $1.5b support packageSINGAPORE - A $1.5 billion support package was announced on Tuesday (June 21) to help households and businesses in Singapore tackle the impending economic challenges resulting in higher global inflation. Here are some of the key measures: There will be an additional payout of up to $300 for GSTV-Cash recipients in August. This will benefit about 1.5 million Singaporeans. Every...
Source: asiaonecom - 🏆 10. / 59 Read more »