They are stimulatory measures. They basically ‘force’ Singaporeans to spend instead of cash which may be just sitting in the bank accounts. I personally prefer cash but vouchers would be better for the economy. Spending at the hawker centres using the CDC vouchers instead of eating at more expensive options like restaurants would be helpful to cut cost. Minimising waste like not wasting water, electricity and food would be helpful too. Very important to spend within one’s own means.
Do Government Vouchers Benefit Your Life?
When dealing with inflation, one of the most frequently discussed solutions is distributing money in creative ways, and the Singapore government seems no exception. Looking at it holistically, it’s clear that the government is employing a combination of strategies.
Starting January 3, every Singaporean household is eligible for S$300 in Community Development Council (CDC) vouchers.
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