The average Singapore household will receive an extra S$250 to S$330 following the additional support package announced by Prime Minister Lee Hsien Loong at the National Day Rally on Sunday night.
This is on top of the benefits they are already receiving to help them cope with inflation and higher living costs.
Details of the additional support package were released by the Ministry of Finance on Monday.
The enhancements comprise a 50 per cent increase in the remaining instalment of Growth Dividends which is scheduled for payout on October 1, as well as a 50 per cent increase in Utilities—Save (U—Save) rebates given out.
Lower and middle—income groups, as well as senior citizens, can expect more in Growth Dividends.
For example, a person living in a one, two, or three room flat who received S$200 in the first round of payout will receive S$300 in October.
Overall, most Singaporeans living in public housing households will receive between S$75 and S$150 more as a result of the enhancement.
The enhanced Growth Dividends will cost the government an additional S$190 million.
As for the increase in Utilities—Save or U—Save rebates, this will range from an additional S$40 to S$110 depending on the HDB flat size.
A low—income family with elderly members living in a three—room flat could receive an additional S$500, bringing their total benefits this year to over S$5,400.
A typical middle—income family living in a five—room HDB flat could receive benefits of about S$3,880.
These additional U—Save rebates will cost the government S$66 million.
Altogether, the government will be distributing an additional support package amounting to S$256 million.
More details are available on the Ministry of Finance’s website.
Source taken: http://sg.news.yahoo.com/cna/20080818/tap-454-government-give-s-256m-benefits-231650b.html
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