Budget: Increase S & CC rebate by half a month, but increase by up to 20%?

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Increase in S & CC  rebates

I refer to the report “Singapore Budget 2017: One-off GST voucher of up to $200 for 1.3 million Singaporeans, increase in U-Save and S&CC rebates” (Straits Times, Feb 20).

Increase by half a month

It states that “eligible HDB households will also see their service and conservancy charges (S&CC) rebates increased by half a month”.

S & CC increase by up to 20%?

In this connection, it was announced just three days ago that “15 PAP town councils to increase service and conservancy charges from June 1” (Straits Times, Feb 17).

I understand that this translates into an increase of between five to 20 per cent, by next year.

Revenue from the increase vs cost of “another half a month” rebate?

So, in totality how much more revenue will the S & CC increase derive, versus the “(S&CC) rebates increased by half a month”?

This may be similar to the issues I wrote in “Budget: Price increase (na), cost increase (na), but rebates ($71m)?” (Feb 20) –

“An analogy?

As an analogy, it may be akin to telling you that I need to charge you more because it cost me more, but I will help you by giving you a rebate – but I never tell you how much more I will receive from the price increase or how much more it is costing me – but I can tell you how much more it will cost me to give you the rebate.

A strange way to deliver a Budget?

Don’t you find that this may be a rather strange way to deliver a Budget? What do you think?”

Leong Sze Hian

 

About the Author

Leong
Leong Sze Hian has served as the president of 4 professional bodies, honorary consul of 2 countries, an alumnus of Harvard University, authored 4 books, quoted over 1500 times in the media , has been a radio talkshow host, a newspaper daily columnist, Wharton Fellow, SEACeM Fellow, columnist for theonlinecitizen and Malaysiakini, executive producer of Ilo Ilo (40 international awards), Hotel Mumbai (associate producer), invited to speak more than 200 times in about 40 countries, CIFA advisory board member, founding advisor to the Financial Planning Associations of 2 countries. He has 3 Masters, 2 Bachelors degrees and 13 professional  qualifications.