12 Apr '11, 11pm

PM Lee, will GST increase after GE?

SINGAPORE: There is unlikely to be any hike in the Goods and Services Tax (GST) rate if the government budgets remain prudent and the economy continues to grow, Prime Minister Lee Hsien Loong said on Tuesday. Mr Lee was responding to a question posed by a viewer during Channel NewsAsia's Question Time With The Prime Minister, who had asked if the GST rate of seven per cent would be raised after the coming General Election, as was the case in 2006. Mr Lee's reply: "I very much doubt that, unless we go wild in our spending plans and of course we'll run out of money and then you'll have to raise the GST. "But if we have prudent budgets and we're careful in our plans and if we grow the economy, I think we should be in good shape." Mr Lee also took a jibe at the opposition's manifestos proposing ideas such as a needs-based welfare system and nationalised bus services, questioni...

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

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