Assurance Package

2022 - 10 - 14

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Image courtesy of "The Straits Times"

GST Assurance Package to be updated amid higher inflation, details ... (The Straits Times)

SINGAPORE - The $6.6 billion support package to offset the upcoming goods and services tax (GST) hike will be updated to take into account higher than ...

It is going to be very hard for us to time our revenue raising measures with the uncertain inflation outlook," said Mr Wong. "While we have this uncertain inflation outlook, our spending needs are very certain. Noting that the Assurance Package is meant to offset the impact of the GST increase for the majority of Singaporean households for at least five years, and for lower-income households for about 10 years, he said the Government will "review the sizing and components" of the package to keep to that commitment.

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Image courtesy of "TODAY"

Govt to review 'size, components' of GST support package due to ... (TODAY)

SINGAPORE — The Government will review the "sizing and components" of the Assurance Package, which comprises cash payouts to help Singaporeans deal with.

"And to keep to this commitment, we will review the sizing and components of the Assurance Package to account for the higher than expected inflation, and I will provide more details on this at Budget next year." "And by proceeding in this manner, what it means is that higher income Singaporeans, the foreigners who are here, the tourists who are here, will be paying the additional GST increase and helping us to provide the revenues we need." - In light of higher than expected inflation, the Government will review the sizing and components of this package SINGAPORE — The Government will review the "sizing and components" of the [Assurance Package](https://www.todayonline.com/singapore/budget-2022-assurance-package-offset-gst-hike-increased-s66-billion-cash-payouts-all-sporean-adults-1820601), which comprises cash payouts to help Singaporeans deal with the impending Goods and Services Tax (GST) hike, to account for the higher than expected inflation, Deputy Prime Minister Lawrence Wong said on Friday (Oct 14). [Assurance Package](https://www.todayonline.com/singapore/budget-2022-assurance-package-offset-gst-hike-increased-s66-billion-cash-payouts-all-sporean-adults-1820601)comprises cash payouts to help Singaporeans deal with the impending Goods and Services Tax (GST) hike

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Image courtesy of "CNA"

'More responsible' to proceed with GST increase amid uncertain ... (CNA)

This will help Singapore secure the revenues needed for its growing expenditure needs, says the Deputy Prime Minister.

"It's going to be very hard for us to time our revenue-raising measures with the uncertain inflation outlook. Advertisement

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