TODAY: On putting GST back to 5%

BUDGET DEBATE SNIPPETS

It would mean giving up about $1.35 billion in tax collections, but could the Government reverse the 2-percentage-point hike in the GST? Such calls continued to come from parliamentarians yesterday.

Non-Constituency MP Sylvia Lim pointed out that commentators have said the surplus estimate of $6.4 billion is a “provisional figure” and there was “expectation” the finalised figure would be even bigger, as a result of the Government having provided for a large deficit in the last quarter. With signs the economy could do well this year, she said, GST should be put back to 5 per cent, with no GST on food items, to help people cope better with rising costs.

– COMPILED BY LIN YAN QIN

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