Workers' Party unable to support GST hike for now: Pritam Singh

Workers' Party unable to support GST hike for now: Pritam Singh

Yahoo Singapore·2018-02-28 07:10

The Workers’ Party (WP) is unable to support the recent announcement of a planned increase in the Goods and Services Tax (GST) for now due to a lack of clarity about projected future government expenditure and whether there is scope for the reserves to better support Singaporeans, said Aljunied GRC Member of Parliament Pritam Singh on Tuesday (26 February).

“We will also need some understanding of the government’s offset package for the low-income and middle-income should the GST be raised, information which the government has not released thus far,” said the 41-year-old while addressing Parliament on the first day of the Committee of Supply (COS) debate on this year’s Budget.

Finance Minister Heng Swee Keat announced earlier this month that Singapore’s GST will be raised to 9 per cent from 7 per cent sometime from 2021 to 2025. The exact timing of the GST increase will depend on Singapore’s economy, expenditure growth and existing taxes, said Heng said in his Budget 2018 speech.

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