From the 1st of January 2024, the Singapore Government has implemented a rise in its Goods and Sales Tax (GST) to 9%, aimed at bolstering their healthcare infrastructure and supporting seniors. This adjustment is part of the two-stage GST rate change outlined by the Minister for Finance during Budget 2022. The initial increment, from 7% to 8%, had already taken effect on the 1st of January 2023. Despite the relatively modest 1% increase, its impact on students could be significant due to their limited income or financial resources.

We challenged the minds of students as they candidly discussed the 2024 GST hike. In this video, students expressed their thoughts on critical questions surrounding this change. From illuminating their understanding of the current GST percentage to expressing their responses to the proposed increase, these students contemplate the necessity behind the hike. They also weigh in on which items they believe should be exempted from this adjustment. 

Watch this video to hear about their insightful responses and uncover the varied viewpoints that shape the discussion surrounding this economic transition.

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