NDR 2022: Lee says GST increase needed for healthcare, social spending

The Republic should continue to save for a rainy day and plan for the future, Lee added. - ST

SINGAPORE (The Straits Times/Asia News Network): The impending goods and services tax (GST) increase is necessary as Singapore's population is ageing rapidly, said Prime Minister Lee Hsien Loong in his Mandarin speech at the National Day Rally on Sunday (Aug 21).

Singapore must be prepared to take better care of the elderly, including providing more medication subsidies to reduce the burden of healthcare costs for older Singaporeans and their families.