"Let’s wait – and of course, we hope for good news," says Lee, at the National Day Rally on Aug 20.
Singapore is going ahead with the planned hike of GST from 8% to 9% with effect from Jan 1. The government is considering a bigger "Assurance Package" in a mix of vouchers and other subsidies, to help people deal with the higher costs of living as a result of the higher consumption tax, says Prime Minister Lee Hsien Loong.
Deputy Prime Minister Lawrence Wong, who is also the Finance Minister, has been promised to "study it carefully".
