SINGAPOREANS will get 50 per cent more in Growth Dividends cash on Oct 1.
On top of this, those living in HDB flats will also get 50 per cent more in utility rebates in November.
The higher-than-expected inflation and uncertain economic outlook have made it necessary for the Government to give $256 million more in aid, said Prime Minister Lee Hsien Loong who announced the higher payouts at the National Day Rally at the University Cultural Centre on Sunday.
The enhancements comprise a 50 per cent increase in the remaining installment of Growth Dividends (GD) and a 50 per cent increase in the total amount of Utilities-Save (U-Save) rebates to be given out in Fiscal Year (FY) 2008.
The average Singaporean household can expect to receive an additional $250-$330 with these enhancements, on top of the benefits they are already receiving. Elderly households and lower income households will typically get more, depending on the number of adults in the household.
