GST to eat extra cash in Singapore

Recent announcement by PM Lee to increase GST from 5% to 7% is going to hit singaporeans in one way or the other. GST is almost on 90% of the products/services that we consume in singapore.

Time to save that extra buck to pay to the goverment. I hope that really make the difference for the needy. Atleast i am confident that the singapore goverment will put it to a good use. This feeling makes me welcome this 2 % burden although that would disrupt my saving potential and targets.