Serious Bro Swee Keat Cannot Delay 9% GST Indefinitely! Must Be Done By 2025 Or Else!

[JohnTan]

The planned increase in goods and services tax (GST) cannot be put off indefinitely and will have to be done by 2025. However, money has been set aside to cushion the impact of the tax hike for Singaporeans, said Deputy Prime Minister and Finance Minister Heng Swee Keat.

The Government has committed $6 billion to offset at least five years' worth of additional GST expenses for the majority of households, and more for lower-income families, he added.

It will also continue to absorb GST on publicly funded healthcare and education.

Mr Heng raised the issue of GST while speaking about the need for fiscal sustainability, and he outlined how Singapore would achieve it during the debate on the Fortitude Budget. "The crisis has underscored the importance of upholding the prudence and discipline of our forefathers to spend responsibly, and prepare for the future.

"This is why, even as we devote considerable resources to overcome the immediate challenges posed by Covid-19, we must continue to plan ahead to secure a fiscally sustainable future," he said.

When the Government announced in 2018 plans to hike GST from 7 per cent to 9 per cent, it said the move was necessary given the growing spending to support an ageing population, and to ensure that Singapore remains a liveable city, among other things.

Mr Heng raised the issue of GST while speaking about the need for fiscal sustainability, and he outlined how Singapore would achieve it during the debate on the Fortitude Budget. "The crisis has underscored the importance of upholding the prudence and discipline of our forefathers to spend responsibly, and prepare for the future.

"This is why, even as we devote considerable resources to overcome the immediate challenges posed by Covid-19, we must continue to plan ahead to secure a fiscally sustainable future," he said.

When the Government announced in 2018 plans to hike GST from 7 per cent to 9 per cent, it said the move was necessary given the growing spending to support an ageing population, and to ensure that Singapore remains a liveable city, among other things.


Mr Heng raised the issue of GST while speaking about the need for fiscal sustainability, and he outlined how Singapore would achieve it during the debate on the Fortitude Budget. "The crisis has underscored the importance of upholding the prudence and discipline of our forefathers to spend responsibly, and prepare for the future.

"This is why, even as we devote considerable resources to overcome the immediate challenges posed by Covid-19, we must continue to plan ahead to secure a fiscally sustainable future," he said.

When the Government announced in 2018 plans to hike GST from 7 per cent to 9 per cent, it said the move was necessary given the growing spending to support an ageing population, and to ensure that Singapore remains a liveable city, among other things.

https://www.straitstimes.com/politics/planned-increase-in-gst-will-need-to-be-done-by-2025-heng

 

[laksaboy]

With Circle Line Stage 6 costing almost $5 bil and vanity projects such as the Changi Jewel, I think might as well round up the GST to 10% (easier to calculate) and implement it immediately.

 

[KuanTi01]

Or else what? Stroke Heng gets the sack or demoted by CAQ or he gets another stroke from the stress?

 

[KuanTi01]

With Circle Line Stage 6 costing almost $5 bil and vanity projects such as the Changi Jewel, I think might as well round up the GST to 10% (easier to calculate) and implement it immediately.

Damn right. Not forgetting there is also another vanity project dubbed the LKY Mausoleum. Haunting Singapore forever!