Is S’pore’s $1.5 billion support package enough?

How the support was allocated and the considerations behind it matter. Aid was also given out in other countries, but there are important differences.

The support measures announced are important because they lessen the burden of inflation, especially higher food and energy bill. PHOTO: LIANHE ZAOBAO
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One big announcement by Deputy Prime Minister and Finance Minister Lawrence Wong in October was the $1.5 billion support package to counter inflation in Singapore, including a Cost of Living (COL) Special Payment where around 2.5 million eligible adult Singaporeans will receive up to $500 in cash.

Much has been written about the individual measures, so I won’t describe them in detail. But it’s worth repeating three things that they will do:

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