Every adult Singaporean will receive cash payouts totalling $700 to $1,600. Eligible seniors will receive a special GST Voucher (GSTV) – Cash (Seniors’ Bonus) totalling $600 to $900, while eligible HDB households will receive additional U-Save rebates totalling $330 to $570, depending on flat type.
The assurance package meant to cushion the impact of Goods and Services Tax (GST) hike has been increased to $6.6 billion, following Finance Minister Lawrence Wong’s announcement of an additional $640 million injection to the package.
The enhanced assurance package will provide significant payouts to Singaporeans over the next five years, said Wong during his speech.
