Indranee: S'pore is already digging into its savings and has very large expenditure on the horizon...money must come from somewhere

tripleme

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Mr Chua (Sengkang GRC) also asked about the need for a GST hike from 7 per cent to 9 per cent, which the Government has said will be implemented by 2025.

He called it "an unnecessary burden" on Singaporeans, given inflation concerns and the uncertain recovery of the labour market.

In reply, Ms Indranee stressed the need to consider Singapore's revenue and expenditure situation, where taxes and fees account for 80 per cent of Singapore's total revenue.

The country is already relying on the Net Investment Returns Contribution and has used up budgetary surpluses of the entire last decade due to Covid-19, she said.

Singapore is already digging into its savings and has very large expenditure on the horizon, she added, citing increased healthcare expenditure and investments to mitigate climate change. "Money must come from somewhere," she said.

Responding to Mr Yip Hon Weng (Yio Chu Kang) on whether additional help will be provided on top of the $6 billion Assurance Package and GST Voucher scheme, she said the Government will continue to absorb GST on publicly subsidised healthcare and education, and will give more aid to lower-income groups.

 

asiafrenz

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Spending 100bil like tap water surely need to replenish
 

popdod

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Pay so much. Of coz must think harder lah.

Raise GST tax. Any Edmwers oso can think of it :(
 

whuttt

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All the ministers and mps donate a good portion will be very good already.
 
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