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GST, Transport, Electricity Fee Hikes: Singaporeans Worried About Cost Increases

 

Costs are set to go up in Singapore heading into 2022, and this is a big worry for Singaporeans who are struggling to make ends meet.

Bus and MRT fares are set to increase, after the Public Transport Council announced today that it has approved the maximum allowable fare adjustment quantum of 2.2 per cent.

As for electricity, some households are already paying 60 percent per kilowatt more after renewing their power plan subscription.

And come 2023, GST will be charged on low-cost goods worth up to S$400 that are imported via air.

In addition, many expect GST to be raised next year by 2 percentage points to 9 percent.

These cost increases put an increased strain on Singaporeans still reeling from the effects of the Covid-19 pandemic.

Mother-of-three, Nur Hidaya, who works ad-hoc jobs, says that it is already difficult to tighten the belt further.

“I already take on two, three jobs. There is no more time in the day to work. But salaries don’t increase, everything else price increase. How can we cope like this?”

Driver Seah Soon says that the government should exercise more compassion.

“Now is a difficult time. People are trying to save money, people are jobless. When you increase prices now, they will suffer.”

University student Gerald Wong says that the government should not be declaring GST on low-cost goods from abroad now.

“People are willing to wait weeks for their things to come because they pay less. Who wants to wait so long to receive their items if they can afford it? Is it fair to tax even this little bit of savings?”

Last year, Singapore suffered its steepest economic contraction on record, 5.4 percent, and the country is not out of the woods yet.

 

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