S1E13: More Govt support given to cushion impact of GST hike if need arises

Synopsis: The Straits Times analyses Singapore's latest news and announcements in this weekly podcast.  The Straits Times' Zakir Hussain, Singapore editor at The Straits Times, speaks with Money FM 89.3's Timothy Goh and Bharati Jagdish. The Government will continue to monitor inflation closely and is prepared to do more if the economic situation worsens significantly, Deputy Prime Minister Lawrence Wong said in Parliament on Monday (July 4). He said the $6.6 billion Assurance Package, which aims to cushion households from the impact of the looming goods and services tax (GST) increase, still holds as it was designed with a buffer in case of higher inflation. In this week's episode, the team discusses how far the Government plans to cushion the impact of the impending GST increase given rising inflation and higher prices for Singapore households. Produced by: Zakir Hussain ([email protected]) & Money FM 89.3 Edited by: Nadiah Koh Follow SG Extra Podcast episodes every Tuesday here on our ST Podcasts channel: Channel: https://str.sg/wukR  Apple Podcasts: https://str.sg/wu3h  Spotify: https://str.sg/wukD  SPH Awedio app: https://www.awedio.sg/ Website: http://str.sg/stpodcasts Feedback to: [email protected] Read Zakir Hussain's articles: https://str.sg/we4e ---   Discover ST's special edition podcasts: Singapore's War On Covid: https://str.sg/wuJa The Unsolved Mysteries of South-east Asia: https://str.sg/wuZ2 Stop Scams: https://str.sg/wuZB Invisible Asia: https://str.sg/wuZn --- Discover more ST podcast series: Asian Insider: https://str.sg/JWa7 Green Pulse: https://str.sg/JWaf Health Check: https://str.sg/JWaN In Your Opinion: https://str.sg/w7Qt Your Money & Career: https://str.sg/wB2m #PopVultures: https://str.sg/JWad ST Sports Talk: https://str.sg/JWRE Bookmark This!: https://str.sg/JWas Lunch With Sumiko: https://str.sg/J6hQ Discover ST Podcasts: http://str.sg/stpodcasts Discover BT Podcasts: https://bt.sg/pcPL Follow our shows then, if you like short, practical podcasts! #SGExtraSee omnystudio.com/listener for privacy information.