 |
| Grow And Share Package |
According to the Ministry of Finance (MOF), the letter will also contain information on other household benefits they will receive from Budget 2011. The "Grow & Share" Package, together with other benefits announced in Budget 2011, will help Singaporeans cope with higher costs of living.
Most lower- and middle-income Singaporean households will receive benefits that are much more than the rise in their household spending.
A typical lower-income two-generation household living in a three-room HDB flat will receive benefits of about S$3,500, which is significantly more than the cost increases they are expected to face, said the MOF.
This is true also for a typical middle-income three-generation household living in a five-room HDB flat, which will receive benefits of about S$4,000.
Singaporeans will receive their Growth Dividends and CPF Medisave Top-ups on May 1.
Sources: http://www.todayonline.com
