Singapore’s Deputy Commander-in-Chief Lawrence Wong on Friday unveiled a budget aimed at relieving families and businesses from the pressure of rising living costs, vowing that the government will “always support you”. Pay for low-wage workers.
Deputy Prime Minister and Treasurer Wong said the government would roll out measures such as S$600 gift certificates (about 44,500 yen) to each household and rebates to businesses, which would help offset inflation and rising operating costs. He said it would be a “short-term relief.”
“These are concrete ways to help Singaporeans cope with cost of living pressures. Let me assure you all, we will always have your back,” he said.
Meanwhile, all companies will receive a 50% corporate tax rebate up to S$40,000.
The initiative encompasses issues and proposals on almost every aspect of Singaporean life and is primarily seen as the first concrete sign of an impending change in leadership for the republic, the third since independence in 1965. It has been described as an “introductory book” and an “introductory book.” election manifesto,” said a political observer previously interviewed by Asia This Week.
Mr Wong said the government has further strengthened the guarantee package, with an additional S$600 voucher to be distributed to all Singaporean households in two phases, on top of the so-called living allowance payments of between S$200 and S$200. said it would provide. Depending on income and property owned he S$400.
This increases the value of the guarantee package from an estimated S$10.1 billion to S$1.9 billion.
“We designed the guarantee package so that low-income households receive more support. We also ensured that larger households, especially those with seniors and children, received more support. ,” Wong said.
More to come…