Singapore News

News from Singapore

Singaporeans to receive $3 billion in benefits

Posted by jtsmyth8 on April 14, 2008

2.4 million Singaporeans stand to get benefits of $3 billion which the Government will give out this year, money which will help many households cope with the rising cost of living.

The benefits are part of the $1.8 billion of surplus sharing – including $865 million of Growth Dividends – announced in the 2008 Budget Statement, and other measures such as the Goods and Services Tax (GST) offset package, said the Finance Ministry on Monday.

Singaporeans who signed up for the GST credits last year will automatically receive their GST dues this year.

They will get letters from the CPF Board by Tuesday informing them of the amount of Growth Dividends, GST Credits and Senior Citizens’ Bonus they stand to get. (story)

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