Inflation and sluggish consumption have been hot topics in recent years. To ease the financial burden on citizens while promoting economic growth, governments have introduced various policies.When dealing with inflation, one of the most frequently discussed solutions is distributing money in different ways, and the Singapore government seems no exception.Vouchers, subsidies, or appliance discounts: Which is better?For example, over the past two years, the Singapore government has consistently provided financial assistance to citizens, with the total amount last year reaching S$1.9 billion. In addition to direct cash distributions, there are utility rebates and transportation subsidies.In China, the government subsidizes large household appliances by 15%-20%. The Ministry of Finance announc
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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