Budget 2021 Singapore

[CPTMiller]

Budget 2021: S$100 hawker centre vouchers, S$200 cash payments for eligible S'poreans - Mothership.SG
mothership.sg

All eligible Singaporeans will receive an additional S$200 GST Voucher on top of their regular GST Voucher Cash payment.

This payout will be a one-off payment called the GST Voucher - Cash Special Payment for lower and middle-income households. Benefitting 1.4 million Singaporeans, it will be paid in June 2021.

This was announced by Deputy Prime Minister and Finance Minister Heng Swee Keat today in Parliament as part of the 2021 Budget.

Household Support Package

This is part of the new Household Support Package that will help households tide over the uncertain economic situation.
In total, the Household Support Package will cost about S$900 million.

As part of this Household Support Package, eligible households will also receive a GST Voucher - U Save Special Payment that will give utilities rebates of between S$120 and S$200 in 2021.

Additionally, the Service and Conservancy Charges Rebate for eligible households has been extended for another year. This rebate will benefit about 950,000 households, offsetting between 1.5 and 3.5 months of Service and Conservancy Charges.

Families with Singaporean children below the age of 21 will receive an additional top up of S$200 per child in their Child Development Account, Edusave Account, or Post-Secondary Education Account.

Lastly, each Singapore household will also receive S$100 worth of Community Development Council (CDC) vouchers.

These vouchers can be used at participating heartland shops and hawker centres, in order for Singaporeans to support heartland businesses. About 1.3 million households will benefit from these vouchers.

Top image by Joshua Lee.

It seems singaporean not really rich after all.
With 50% or more singaporean ie. 1.4mil people eligible to receive poor man GST cashout.
What is happening to the good jobs high pay jobs government mentioned plentiful???
If this news appearing on international media those millionaire billionaire foreigners in Singapore will be laughing at us.

 

[kaninabuchaojibye]

It seems singaporean not really rich after all.
With 50% or more singaporean ie. 1.4mil people eligible to receive poor man GST cashout.
What is happening to the good jobs high pay jobs government mentioned plentiful???
If this news appearing on international media those millionaire billionaire foreigners in Singapore will be laughing at us.

may i remind u that 61% vote for pap and voted for this
haaaa

 

[CPTMiller]

may i remind u that 61% vote for pap and voted for this
haaaa

They want the GST vouchers and cash rebate.
Don't blame them

 

[laksaboy]

It seems singaporean not really rich after all.
With 50% or more singaporean ie. 1.4mil people eligible to receive poor man GST cashout.
What is happening to the good jobs high pay jobs government mentioned plentiful???
If this news appearing on international media those millionaire billionaire foreigners in Singapore will be laughing at us.

What you're witnessing is the destruction of the middle class, caused by an incompetent govt. 两极分化

 

[CPTMiller]

What you're witnessing is the destruction of the middle class, caused by an incompetent govt. 两极分化

No choice for us.
No joke we are helpless to change what is happening

Only way is to make sure we are not inside the 1.4million.
We need double work hard fend off Ceca meca seca luca etc.

 

[knnb40]

It seems singaporean not really rich after all.
With 50% or more singaporean ie. 1.4mil people eligible to receive poor man GST cashout.
What is happening to the good jobs high pay jobs government mentioned plentiful???
If this news appearing on international media those millionaire billionaire foreigners in Singapore will be laughing at us.

millionaire billionaire foreigners in Singapore laughing at us the reality is ....those foreigner from per capital income lower than Singapore taking on PMET job here is laughing at us

 

[knnb40]

What you're witnessing is the destruction of the middle class, caused by an incompetent govt. 两极分化

if nothing change (which I foresee nothing will change because ah heng still state that foreigner from per capital income still vital to our economic during his budget 2021 speech.) 5 to 10-years time we shall see similar chaos happen on Hong Kong Street happen on our street.

 

[pvtpublic]

Their counter argument of going green by using EVs rather than ICE vehicles doesn't hold because the electricity generation in Sinkie land is solely on gas and will still have the green house effect.

We all know that their true motive now is to regenerate the reserves by increasing whatever fucking taxes possible. They should never have spent those subsidies to those dying companies during the last year of the Covid-19 pandemic. These companies will also up lorry when these subsidies are no longer available eventually and their bosses are laughing all the way to the banks.

exactly. the government blew over $90b last year, but only saved around 7% of the GDP which is worth around $40bn only.

spend $2 to save $1.

now want to claim back the $2 from us.

well fucking done PAP.

 

[congo9]

It seems singaporean not really rich after all.
With 50% or more singaporean ie. 1.4mil people eligible to receive poor man GST cashout.
What is happening to the good jobs high pay jobs government mentioned plentiful???
If this news appearing on international media those millionaire billionaire foreigners in Singapore will be laughing at us.

We had been subsidising all these rich blokes all along, starting with NS.

 

[CPTMiller]

We had been subsidising all these rich blokes all along, starting with NS.

Our leaders need your NSmen protection

 

[Sideswipe]

GST on low-value goods

GST will be extended to imported low-value goods with effect from Jan 1, 2023, Mr Heng announced, to ensure a “level playing field” for local businesses to “compete effectively”.

Currently, low-value goods imported via air or post are not subject to GST to facilitate clearance at the border, said Mr Heng.

the local businesses are selling their low and high value goods too high. they want to make too much profit. they should sell cheaper then can sell more to compete effectively.

 

[congo9]

Why not just said good imported from overseas attract a 50% more cost base on the price ???
People will start to buy local

 

[laksaboy]

Why not just said good imported from overseas attract a 50% more cost base on the price ???
People will start to buy local

Local got what things to sell? Used (preloved) panties on Carousell?

Most of them are just reselling stuff imported from overseas anyway.

 

[CPTMiller]

Local got what things to sell? Used (preloved) panties on Carousell?

Most of them are just reselling stuff imported from overseas anyway.

Local manufacturing industry almost dead.
Thanks to government direction.
Those remaining small players how to compete international standard unless temasek ??

 

[Hypocrite-The]

Theindependent
GST hike will hurt the poor, wealth tax proposed


FB screengrab: the Workers' Party
Author

- Advertisement -
Singapore—Citing the current uncertain economic climate and saying that there are excess untapped revenue streams, the Workers’ Party (WP) has argued against the upcoming increase in the Goods and Services Tax (GST).


Although the GST hike from 7 to 9 per cent announced during the rollout of Budget 2018 has been postponed, it cannot be delayed forever, said Deputy Prime Minister Heng Swee Keat on Feb 16, when he announced this year’s Budget.

It will not take effect this year, but will do so between 2022 and 2025, depending on economic conditions, Mr Heng added.

- Advertisement -
“However, we will not be able to put off the increase for too long. We will have to make the move some time from 2022 to 2025, and sooner rather than later, subject to the economic outlook.”

The WP, however, has a different perspective, which it outlined in a Facebook post on Saturday (Mar 13).

“The Workers’ Party is against raising the GST given the context of excess untapped revenues, especially in this uncertain climate. The GST is a regressive tax and while we can defer the impact on lower income families in the near term, it will hit everyone for the rest of their lives thereafter,” wrote the opposition party.

The post has been shared almost 500 times.

The WP has pointed out alternatives to the GST increase and asked for a review of the proposed hike.

First, the WP wrote that annually, between 2011 and 2019, the Government generated a recurring cash surplus of $29 billion on average.


The opposition party has asked questions about the proposed hike for the past three years, specifically questioning the urgency to increase revenue and impose a broad-based, regressive tax in light of the Assurance Package to help Singaporeans with smaller incomes.


Additionally, the WP said that instead of a S$32 billion deficit, the Government actually has a budget surplus of $205 billion for 2011 to 2020.

Furthermore, since the GST is across the board, it would have a greater impact on lower-income households in the country.


As an alternative to a GST hike, a proposal to increase the Buyer’s Stamp Duty as well as impose an Additional Buyer’s Stamp Duty was made in Parliament by Mr Leon Perera (Aljunied GRC).

Mr Louis Chua (Sengkang GRC) has also proposed a wealth tax.


/TISG

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[batman1]

The Singapore economy is DEAD.