New online calculator for Singaporeans to check Budget 2023 benefits
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The calculator will help estimate the benefits individuals and their household members can receive under the various packages and schemes from Budget 2023.
ST PHOTO: DESMOND WEE
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SINGAPORE - Singaporeans can now get an estimate of how much payouts and rebates they will be receiving as part of Budget 2023.
In an Instagram and Facebook post on Friday, Deputy Prime Minister Lawrence Wong said that with the many support measures announced in Tuesday’s Budget speech, it may not be so easy to keep track of all of them.
Mr Wong, who is also Finance Minister, said that while Singaporeans could turn to ChatGPT – an online artificial intelligence platform that has recently created a buzz worldwide – the platform may not provide a very accurate answer.
This is in the context of the fact that ChatGPT may not accurately help estimate the benefits one can get from the Budget.
Teams from the Government Technology Agency and the Ministry of Finance have put together an online calculator meant to help people estimate the benefits individuals and their household members can receive under the various packages and schemes, said Mr Wong.
Budget 2023 had unveiled various enhancements to existing payouts and schemes
The Assurance Package was boosted to $9.6 billion, up from $8 billion in a November 2022 update and $6.6 billion at Budget 2022. It is meant to address the impact on households of the goods and services tax hike, and was enhanced to also take into account higher-than-expected inflation.
Other measures in Budget 2023 include increased Baby Bonus cash gifts, the doubling of government-paid paternity leave to four weeks, as well as increasing the Central Provident Fund monthly salary ceiling.
Singaporeans can access the calculator at
