Financial package to cushion impact of rising prices

The Star Online
14th Feb 2008

THE Singapore government is expected to cut personal income taxes and announce a financial package to cushion the impact of rising prices and slowing economic growth in its 2008 budget, analysts said.

Finance Minister Tharman Shanmugaratnam is likely to announce tomorrow an “inflation offset package” aimed at helping primarily the poor and elderly cope with rising living costs, they said.

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