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6.9 As part of the GST Offset Package, I will
also extend the Utilities-Save, S&CC and Rental
Rebates to eligible HDB households for five years,
from 1st April 2007 to 31st
March 2012. This will help low to middle-income
households cope with increased household expenses
that they face due to the GST increase. The U-Save
and S&CC rebates will also be extended to
those living in HDB executive flats. These rebates
will benefit 800,000 HDB households and cost a
total of $800 million* over five years.
*Afternote: As announced
by the Prime Minister on 17 August 2008, households
will receive a 50% increase in the total amount
of U-Save rebates to be given out in Fiscal Year
(FY) 2008. This will raise the cost of the U-Save
to $866m over five years.
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