On 7 November 2022, the Singapore government announced that there will be an extra $1.4 billion top-up to the Assurance Package. Source: Meme Generator Yup, the main reason for the top-up is to combat the ongoing inflation and Goods and Services Tax (GST) increment that will take place from 1 January 2023. This brings the entire Assurance Package to around $8 billion. This is a timeline of the revisions to the Assurance Package: Budget 2020: $6 billion was set aside for the Assurance Package Budget 2022: $640 million added to the Assurance Package For the uninitiated, all Singaporeans who are 21 years old or older will receive cash payouts under the Assurance Package, which will start to be issued in December 2022 and last for the following five years. As of 8 November 2022, these are the payout dates:

Assurance Package (AP) Scheme

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