Impact of Recent Global Events on Costs of Daily Necessities and Goods and Support Measures for Needy Singaporeans

29 Mr Gerald Giam Yean Song asked the Minister for Finance what studies has the Ministry conducted so far to examine how the costs of daily necessities and goods in Singapore will be impacted by recent global events, such as rising commodity prices, rising global inflation, the Russia-Ukraine conflict and the COVID-19 pandemic.

30 Mr Gerald Giam Yean Song asked the Minister for Finance apart from the Assurance Package for the GST increase, what else will the Government be doing to assist needy Singaporeans to cope with the rising cost of daily necessities and goods which are non-GST related.

Mr Lawrence Wong: This question has been addressed by the joint Ministerial Statement delivered together with Second Minister for Trade and Industry Tan See Leng on 4 April 2022. [Please refer to "Inflation and Business Costs", Official Report, 4 April 2022, Vol 95, Issue 60, Statements by Minister for Finance and Second Minister for Trade and Industry section.]