Minister of Finance Lawrence Wong delivered a ministerial statement in Parliament yesterday about the rising prices globally and what inflation means for Singapore.
He also outlined measures from the Budget 2022 to help Singaporeans and businesses to cope with the inflation.
Measures include Singapore households receiving $100 CDC vouchers by the middle of May, and public transport vouchers worth $30 for more than 30,000 ComCare recipients.
Other measures include the U-Save and S&CC rebates that will be disbursed in July and October this year, and January next year
Here is what he said on Facebook
I understand many of us are concerned about the cost of living. That is why in Parliament of Singapore today, I delivered a joint Ministerial Statement on why prices are rising globally, the impact on inflation, and what this means for Singapore.
Support from #SGBudget2022 is coming. We will also need time for these measures to take effect, to monitor their impact, and consider additional steps.
For now, we are taking immediate action, such as by bringing forward some of our Budget measures to help Singaporeans and businesses cope with inflation.
- $100 CDC vouchers
- Service and Conservancy Charges (S&CC)
- U-Save rebates, business support, and more
If more support is needed, we will stand ready to do more. Let’s continue to stay united and get through as one people.