“To do so, we will need to invest more in our people and our social infrastructure. The GST increase will help generate the revenues we need for this purpose,” he adds in a video clip that accompanied the post.
The impending hike in Singapore’s goods and services tax (GST) is necessary to “build a better Singapore for tomorrow”, says Minister of Finance Lawrence Wong in a Facebook post on Feb 9.
Wong’s post comes at a time when Singapore is at a “critical turning point” amid the Covid-19 pandemic.
