According to the media, Deputy Prime Minister Heng Swee Keat announced at a PAP convention that the GST will increase from 7% to 9% in the year somewhere between 2021 and 2025.
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He added the following statements:
“The responsible thing to do is to be upfront, and tell the people that it will happen. This is what integrity means. We don’t hide from difficult truths”
“If I don’t bring it up, the opposition parties definitely will – so it’s better that you hear it directly from me.”
More details of the GST support package will be announced in next year’s budget.
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