28 Feb '11, 1pm

Budget 2011: MPs call for more help to fight inflation: SINGAPORE: Members of Parliament have called for more me...

Budget 2011: MPs call for more help to fight inflation: SINGAPORE: Members of Parliament have called for more me...

SINGAPORE: Members of Parliament have called for more measures to alleviate the impact of the rising cost of living, with one opposition MP calling for a reduction of Goods and Services Tax (GST). The impact of inflation dominated much of the parliamentary debate on Budget 2011 on Monday. Some MPs expressed concern that the savings of retirees would be eroded over time. Opposition MP Low Thia Khiang suggested reducing the GST by two percentage points to 5 percent. He also called for a waiver of GST for basic necessities. Mr Low said: "There is a need for a concerted effort to address the rising cost of living at the fundamental level, which is to control the price increase of essential items like food, transportation, education and health care. "Without tackling the rising cost of living at the fundamental level, the election-year Growth Dividends will evaporate fast." "Th...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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