GE2025: What the main political parties’ manifestos say about addressing the rising cost of living

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GE2025: What the main political parties’ manifestos say about addressing the rising cost of living

SINGAPORE: Political parties are responding to the rising cost of living by offering a range of coverage thoughts in response to one of the defining issues of the 2025 General Election.

CNA examines key proposals to ease Singaporeans ‘ burden as the five functions in the race for the most votes that have also released their proposals take a look at. The Women’s Alliance for Reform, which is contesting the seats in the top four, has no made its manifesto public. &nbsp,

PEOPLE’S ACTION PARTY

  • households to collect CDC rebates, cash payouts, and utility payments.
  • ComCare and Silver Support, which are programs to support low-income families and the elderly, will be strengthened, and lower-income families will be supported separately through ComLink and higher childcare subsidies for children from underprivileged communities, in addition to regular pre-school attendance.
  • Relatives pay less for school and have more parental leave, with more financial support for larger families.

Employees ‘ Group

  • Alternative revenue sources to the Goods and Services Tax ( GST ), such as a net wealth tax on the assets of the nation’s top 1 % of the population and a minimum corporate tax rate of 15 %. &nbsp,
  • To lessen the impact of inflation on low- and middle-income parties, it is necessary for basic food items like food to be exempt from GST. &nbsp,
  • A statutory and universal minimum wage of S$ 1,600 ( US$ 1,200 ) for full-time employment and a pay increase for part-time employment. &nbsp,
  • Pull the maximum amount of MediSave use for those over 60 so that they can use it to cover all medical expenses that are not already covered by other programs at government polyclinics, open specialist ambulatory clinics, and Community Health Assist Scheme centers.

RED DOT UNITED

  • To provide economic stability to Singaporeans, an “unconditional income transfer” may be distributed as a” individual’s dividend.”
  • shifting from GDP-focused guidelines to a “well-being market” that places equal pay, work security,” citizens first” principles, and sustainable development for all.
  • All Singaporeans have access to MediFund assistance, which limits out-of-pocket costs, and introduces fairer subsidies.
  • Expand MediShield Life’s protection and change MediSave&nbsp from a primary method of medical expenses to a secondary fund.

SINGAPORE PARTY Development

  • Reduce the GST from 9 % to 7 % and exempt essential items like rice, water, and milk from the tax.
  • Establish rules for commercial property rent increases and phase out politically conscious hawker centers. &nbsp,
  • Set stalls barn accommodations at S$ 500 or 3 % of total revenue rather than the highest tender bet. Establish a social sector design for hawker centers with higher costs that come to mind.
  • In order to decrease costs, centralize drug procurement and cover standard MediShield Life and CareShield Life rates. To help pay for their captivity expenses, new mothers should get a cash gift. &nbsp,

SINGAPORE DEMOCRATIC PARTY

  • Reduce the GST to its latest 9 percent and eliminate it for things like food and medicine. The opposition had previously requested that the GST be reduced to” 7 % or even 5 %.”
  • Reduce the cost of renting.
  • Address “indirect levies” like waters and utilities, which are frequently passed on to consumers and “add to the problem” of small and medium-sized enterprises.