Budget 2022: $560m Household Support Package to help with bills, daily needs
SINGAPORE — Households in Singapore will receive a $560 million Household Support Package to help them will utility bills, children's education and daily essentials.
Finance Minister Lawrence Wong announced during his Budget speech on Friday (18 February) that, as part of the package, the government will double the Goods and Services Tax (GST) Voucher U-Save rebates for the rest of the year.
Eligible HDB households will also receive additional rebates of up to $285.
Wong added that children below the age of 21 will be provided with a top-up of $200 each in either their Child Development Account, Edusave Account or Post-Secondary Education Account. This will be on top of the annual Edusave top-ups which they are already receiving.
The government will also distribute another set of $100 Community Development Council (CDC) Vouchers this year to support all Singaporean households in their daily expenses. The vouchers can be used at participating heartland shops and hawkers.
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