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Old 01-03-2017, 10:07 AM
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Re: Raise water prices by as much as 100% to reflect production cost: Economist

Budget 2017: Defer water price hike, relook help for middle class, say MPs


By Lianne Chia

Posted 28 Feb 2017 21:03
Updated 28 Feb 2017 23:54



SINGAPORE: The water price increase and helping the middle class cope with the rising cost of living were among the issues brought up by Members of Parliament (MPs) on Tuesday (Feb 28), the first day of Parliament’s debate on the Budget statement.

MPs also pointed out the need to relook the Government’s approach of looking at home type as a measure of determining the distribution of grants and support.

In his speech, MP for Mountbatten Lim Biow Chuan asked the Government to consider a stay on the water price increase for this year. In his Budget statement, Finance Minister Heng Swee Keat had announced that water prices would be increased by 30 per cent in two phases over the next two years.

While Mr Lim noted that “there is never a good time” to raise the prices of utilities, it is “definitely not a good time”, given the economic uncertainty.

He pointed out that the price increase appears to have distracted many Singaporeans from “much more important messages”, like how to plan for one’s future, and the fast-changing world.

“Water is critical to our survival and we need to take adequate measures to conserve water, but sadly, the 30 per cent increase in prices seems to have distracted from the main intent of the Budget,” he said. “And due to rumour-mongering, many people seem to have been so caught up and concerned about the increase that they seem to have forgotten or ignored the various other measures the Government has introduced to help mitigate the price increase.”

He added that if it is not possible to defer the price increase, he hopes the Government can ensure that businessmen do not profiteer from it. One way they can do this, he said, is to set up a committee against profiteering, similar to the one that was set up when the GST was raised.

MP for Nee Soon GRC Henry Kwek also spoke about the water price increase and its impact on the cost of living, adding that he has seen the water bills of some hawkers in his constituency.


continue reading here : http://www.channelnewsasia.com/news/...s/3556600.html
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