The measures come under an additional S$1.1 billion support package to help Singaporean households, especially lower- to middle-income ones, cope with rising costs.
The measures come under an additional S$1.1 billion support package to help Singaporean households, especially lower- to middle-income ones, cope with rising costs.
It’s one of the more efficient ways to redistribute wealth using GST, which is regressive in nataure.
As for this special payout, I do wonder if it’s enough. GST offset is easy to calculate, but inflation is far more variable.