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How to help mitigate the impact of a GST rise
Both long-term and ad hoc schemes will cushion impact and help Singaporeans cope with rising cost of living
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Patrons at Market Street Interim Hawker Centre on Jan 3, 2022.
ST PHOTO: JASON QUAH
SINGAPORE - The question was bound to come up when the House discussed inflation and fiscal support: Can the goods and services tax (GST) increase be delayed?
As Omicron scythes through the world, and with overall inflation jumping to 3.8 per cent year on year last November - the highest in more than eight years - many have questioned whether the impending GST hike from 7 per cent to 9 per cent is appropriately timed.
