Delaying GST Hike Will Store Up More Problems for Singapore: DPM Wong
Channel: 🎤 Today News
Date: 2023-08-05

"🆈🅾🆄🆃🆄🅱🅴: - Delaying GST Hike Will Store Up More Problems for Singapore: DPM Wong

- Singapore's Deputy Prime Minister, Lawrence Wong, has warned that delaying the planned Goods and Services Tax (GST) hike will lead to more problems for the country.
- The GST hike, which was originally scheduled for 2022 but was deferred due to the COVID-19 pandemic, is necessary to fund rising healthcare and social spending.
- Wong emphasized the need to ensure long-term fiscal sustainability and maintain a fair and progressive tax system.
- He stated that delaying the GST hike would result in a larger increase in the future, putting a heavier burden on future generations.
- Wong also highlighted the importance of investing in infrastructure and innovation to drive economic growth and create job opportunities.
- The government is considering various options for the GST hike, including a possible increase in rates or expanding the GST base to cover more goods and services.
- Wong assured that the government will provide support for lower-income households and vulnerable groups to mitigate the impact of the GST hike. 🔒 Tag Video: -  Delaying -  GST hike -  Problems -  Singapore -  DPM Wong -   - News -  Domestic news -  International news -  Brief news -  Singapore Deputy Prime Minister -  Lawrence Wong -  Goods and Services Tax (GST) -  GST hike -  COVID19 pandemic -  Rising healthcare spending -  Rising social spending -  Longterm fiscal sustainability -  Fair and progressive tax system -  Delaying GST hike -  Future burden -  Investing in infrastructure -  Investing in innovation -  Economic growth -  Job opportunities -  Government options for GST hike -  Increasing rates -  Expanding GST base -  Support for lowerincome households -  Support for vulnerable groups -  Mitigating impact of GST hike -  Fiscal planning -  Economic recovery -  Social welfare -  Tax policy -  Budget allocation -  Public spending -  Future generations -  Economic development -  Government support 🎬🌍🌎🌏  #Delaying  #GSThike  #Problems  #Singapore  #DPMWong  #  #News  #Domesticnews  #Internationalnews  #Briefnews  #SingaporeDeputyPrimeMinister  #LawrenceWong  #GoodsandServicesTax(GST)  #GSThike  #COVID19pandemic  #Risinghealthcarespending  #Risingsocialspending  #Longtermfiscalsustainability  #Fairandprogressivetaxsystem  #DelayingGSThike  #Futureburden  #Investingininfrastructure  #Investingininnovation  #Economicgrowth  #Jobopportunities  #GovernmentoptionsforGSThike  #Increasingrates  #ExpandingGSTbase  #Supportforlowerincomehouseholds  #Supportforvulnerablegroups  #MitigatingimpactofGSThike  #Fiscalplanning  #Economicrecovery  #Socialwelfare  #Taxpolicy  #Budgetallocation  #Publicspending  #Futuregenerations  #Economicdevelopment  #Governmentsupport"
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