Budget 2023! 14Feb

[Didu]

Lai lai lai....More hand outs for low income people. But why help these people pay their credit card debt?? Is the government encouraging them to take on more debt?

Btw, I also have credit card bill. Can Govt kindly help me too?   😁

Lower-income families to get more help, including cash and debt clearance

To help these families, MSF will work with donors to fully fund a progress package that matches families’ repayments to their creditors, up to S$5,000 in debt.

This package, which can only be used once, applies to “verifiable debt”. This is debt owed to licensed companies and organisations that can be verified and for which repayments can be tracked, MSF said. Examples include utility bill arrears, hospital bills or credit card debt.

https://www.channelnewsasia.com/singapore/comlink-lower-income-family-rental-flat-msf-financial-aid-3926521