1.5m Singaporeans to receive up to $700 in August to defray GST and other living expenses

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1.5m Singaporeans to receive up to $700 in August to defray GST and other living expenses
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1.5 million Singaporeans to receive up to $700 in August

SINGAPORE – About 1.5 million Singaporeans will receive up to $700 in cash in August to help with their living expenses under a scheme announced by Deputy Prime Minister Lawrence Wong inThe Ministry of Finance said on Tuesday that eligible citizens would receive an additional $300 from the Goods and Services Tax Voucher scheme cash payment in 2023.

About 624,000 Singaporeans aged 65 and above will also have $450 credited to their Central Provident Fund MediSave accounts as part of the GSTV scheme. MOF said the payments are “part of the Government’s continuing support for lower-income to middle-income and senior Singaporeans, to help with their GST expenses and living expenses”.

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