Pedestrians cross a street at the Orchard Road shopping district in Singapore. (File photo: AFP/Roslan Rahman)
SINGAPORE: About 1.57 million eligible Singaporeans will get S$1.2 billion in GST vouchers and Medisave top-ups, the Ministry of Finance (MOF) said on Tuesday (Jun 27).
A total of 1.37 million citizens will receive up to S$500 cash, comprising a payment of up to S$300 in August and a one-off special payment in November. This will cost the Government S$680 million, the ministry said.
About 450,000 Singaporeans aged 65 years and above will receive a Medisave top-up of up to S$450 in August. This will cost the Government S$130 million.
In addition, Singaporeans born on or before Dec 31, 1959 and do not receive Pioneer Generation benefits will receive a Medisave top-up of up to S$200 in 2017 and 2018. The top-up for 2017 will benefit about 520,000 citizens, and cost about S$95 million. It will be credited into eligible citizens' Medisave accounts in August.