Budget 2023: What help Singaporeans can expect
to help Singaporeans deal with higher inflation and the increase in GST, which was raised from 7 per cent to 8 per cent in January 2023.For adult individualsSingaporeans aged 21 or older earning up to $34,000 and living in homes with an annual value of up to $13,000 will get $700 this year – an increase of $200 from last year’s Budget. They will receive $850 in 2024.
They will get $450 in 2024.A payout to offset the increase in GSTEvery Singaporean aged 21 years or older who earns no more than $100,000 a year and does not own more than one property will get between $300 and $650 more over the next four years. This brings the total payout to between $1,350 and $2,250 per person.3.
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