February 15, 2023
Singapore's outbreak response to the system's alert level (February 13) was lowered to green, and the forced mask measures that have been implemented for three years have been canceled, marking the era of Singapore's post -epidemic.During these three years, the government used 40 billion yuan to respond to the epidemic, which caused the Chinese people to survive the crisis of the epidemic.
Even so, the epidemic in the past three years has led to the interruption of the global supply chain and exacerbated the wave of protectionism and against globalization.The impact on the supply end pushes high inflation and slows down economic growth.The outbreak of the Russian and Ukraine war further impacted the supply side and accelerated geopolitical conflicts, and the world is in the anxiety of high inflation and low growth.
In this context, Huang Xuncai, the Deputy Prime Minister and Minister of Finance, launched a fiscal budget called joining the new era yesterday to assist the Chinese people from all levels to alleviate the anxiety of high living expenses, so that they have no worries.In addition, the fiscal budget also focuses on strengthening Singapore's long -term competitiveness, standing out in the chaotic world structure.
Huang Xuncai pointed out that Singapore is also unavoidable to Singapore in the face of "cruel inflation" in 2022.Last year, the government launched a assistance supporting facilities with a total value of more than 3.5 billion yuan to help people meet the pressure of rising living expenses, especially low -income groups.Although global inflation has recently slowed down, the inflation rate will be at a high level and remain at least until the first half of this year.
In order to alleviate the pressure of rising living expenses, Huang Xuncai announced that the government will increase the amount of consumption tax subsidy. The highest subsidy increased from 500 yuan to 700 yuan in 2023, and further increased to 850 yuan in 2024.
In addition, the government will provide special subsidies for living expenses from Chinese people, ranging from 200 yuan to 400 yuan, depending on the estimated tax income.On the other hand, the government will also increase the amount of shopping vouchers in the neighborhood of the community council issued by the community council next year, and each family can get 300 yuan.
Another highlight of this year's fiscal budget is to provide greater assistance for young couples to purchase houses and children.This includes the first home purchase family to receive additional subsidies ranging from 10,000 to 30,000 yuan when buying a resale group, higher infant red cash rewards, and higher subsidies for children's cultivation accounts.
Singapore is rapidly entering an aging society.Huang Xuncai announced that the government will increase the monthly salary of the provident fund year by year from September 1 this year to 8,000 yuan in 2026 to assist middle -income Chinese people to increase retirement savings.In addition, the payment rate of senior employees will increase as scheduled next year, and the minimum monthly income of the provident fund retirement deposit plan will increase from June 1 this year, from the current monthly 250 yuan to 350 yuan.
Looking at this year's fiscal budget, Chinese people from all levels have received different forms of assistance and subsidies.However, Huang Xuncai emphasized that in the face of increasingly growing economic nationalism and protectionism, Singapore's export -oriented small economy must make adjustments, regain positioning in the economic field, and update social contracts in the future.
Singapore's economy is transforming towards high value -added fields.This year's fiscal budget, as always, emphasizes the training of skills and increase its efforts to attract high -quality investment.In addition, it also provides tax rewards to encourage corporate innovation.
Social contracts complement each other.Facing the geographical and economic environment full of variables, Chinese people are anxious about living expenses, raising children, and retirement savings.This fiscal budget can be said to be assisted by the government, which helps strengthen the toughness of the whole people.In addition, it also assists enterprises and employees to prepare through tax rewards and subsidies, and seize opportunities in the new era.
