Gahmen giving us money again!

This may not be the latest news to anyone.
It is the time of the year for the gahmen to give out money to the people again!
Check out what they have in store for us!
Below information taken from Budget 2008.


Benefits For Individuals And Households

(A) SURPLUS SHARING 2008
2007 was a good year for Singapore. As the fiscal position is strong, the Government can afford to share some of the nation’s surplus through a comprehensive set of measures that will benefit all Singaporeans.
source of surplus?

(A1) Growth Dividends (GD)
The Government will give Growth Dividends (GD) to share surpluses from over the past year.
For all adult Singaporeans aged 21 and above in 2008, with particular focus on lower and middle-income groups and older Singaporeans (see Table 1).
Additional $100 GD will be given to NSmen, ex-NSmen and NSFs.
GD will be paid out in two instalments in April and October this year.
Those who have signed up for the GST Credits do not need to sign up again for the GD. They will automatically receive their GD via the same means (bank account or cheque).
GD will cost the Government $865 million.
excellent! I qualify for the additional S$100!
wow! S$865 million is a huge surplus, imagine our reserves!

Table 1: Growth Dividends
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So I do qualify for a decent amount of GD, then I take away income tax, take away inflation costs, still enough to pay for ERP charges??? :P

THIS POST IS STRICTLY NON-POLITICAL!

Comments

Anonymous said…
pay for ERP? You don't drive :p
Well, it's better than nothing.
WILLIAM TAN said…
ERP factored in cab fares!
give you a little from here, take back more from there.
quite a good plan!