Singapore govt to freeze fee increases

News report from Channelnewsasia....


Singapore govt to freeze fee increases for one year after GST hike
Posted: 30 November 2006 1709 hrs

SINGAPORE: There will be no government fee increases for one year after the Goods and Services Tax (GST) is increased from 5% to 7%.

That is the promise made by Second Finance Minister Tharman Shanmugaratnam.

The government will also continue to absorb the GST for education and subsidised healthcare services.

He announced this during a TV forum recording for "A Future Singapore -A Conversation with Minister Tharman Shanmugaratnam".

The TV forum will be broadcast on Channel NewsAsia at 7.30 pm on 30 November.

Mr Tharman said that the government would ensure that the low-income group is well taken of and would even be better off after the hike than before.

He explained that the overall plan is to grow Singapore's economy and use government revenue to specifically help the lower-income families...Read more....


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