Singapore PM Wong pledges gov't support for cost-of-living concerns, allocates $10B Assurance Package.

Singapore's Prime Minister Lawrence Wong has pledged government support to address citizens' cost-of-living concerns despite moderating inflation. The government has allocated over $10 billion for the Assurance Package, providing various financial aids such as CDC vouchers and cash payouts. Wong expects inflation to continue easing and anticipates economic growth in 2024, with further assistance planned for households in the coming months.

October 02, 2024
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