#SGBudget2022 : To cushion the GST increase, the Assurance Package will provide payouts to Singaporeans over the next 5 years. The new Household Support Package will help with utility bills, childrenโs education, and daily essentials. https://singaporebudget.gov.sg/
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#SGBudget2022 : To help our workers and businesses in segments of the economy that are still struggling, targeted help will be provided through a $500 million Jobs and Business Support Package. https://singaporebudget.gov.sg/
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#SGBudget2022: A key priority will be to uplift lower-wage workers. $9 billion will be spent over the next 5 years for the Progressive Wage Credit Scheme and enhanced Workfare. There will also be enhanced training support for mid-career workers and higher CPF contribution rates for senior workers. For more: www.singaporebudget.gov.sg
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#SGBudget2022: Singapore is committed to tackling climate change and aims to achieve net zero emissions by or around mid-century through increasing carbon tax, developing a green economy and accelerating electric vehicle adoption. For more: www.singaporebudget.gov.sg
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#SGBudget2022: As Singaporeโs needs changes and grows, we can raise revenue by strengthening our tax structure. The GST increase will be delayed to 2023 and staggered over 2 steps. Support will be available to cushion the increase. www.singaporebudget.gov.sg
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Infographics: MOF
Follow @Govsg for the latest Government announcements
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