Assessment of Second-round Inflation Effects in 2022 and Additional Fiscal Policy Related Measures to Offset Impact of Non-demand Driven Inflation Effects

20 Mr Saktiandi Supaat asked the Minister for Finance (a) what is the assessment of second-round inflation effects in 2022; and (b) what additional fiscal policy related measures can be taken to offset the impact of non-demand driven inflation effects caused by rising producer costs or supply-side constraints on Singaporeans.

Mr Lawrence Wong: This has been addressed in MTI and MOF's combined oral reply to Question Nos 4 to 7 on the Order Paper for 11 January 2022. [Please refer to "Measures to Help Singaporeans Cope with Rising Inflation and Impact of Government's Fiscal Support for Businesses and Households on Inflation", Official Report, 11 January 2022, Vol 95, Issue 45, Oral Answers to Questions section.]