Nation

GE2025: PSP Demands GST Rollback to 7% and Asset Declarations for MPs in Ambitious New Manifesto

2025-04-06

Author: John Tan

**SINGAPORE:** In a bold statement ahead of the General Election 2025, the Progress Singapore Party (PSP) has released an extensive 78-page manifesto demanding significant policy shifts. Among its key proposals is the reduction of the Goods and Services Tax (GST) back to 7%, and a requirement for all Members of Parliament to publicly declare their assets.

Titled “Progress for All,” the manifesto outlines 61 proposals, many revisiting themes raised by PSP’s Non-Constituency Members of Parliament, Leong Mun Wai and Hazel Poa, during previous parliamentary sessions and in their last manifesto released in 2020.

At the manifesto launch, PSP chairman Tan Cheng Bock urged voters to recognize the importance of their votes, emphasizing that the upcoming election will determine the presence of a credible opposition capable of holding the ruling People’s Action Party (PAP) accountable. "Your vote is critical in this election," he remarked, stressing the necessity for responsible opposition MPs.

Following a reelection as party chief, Leong reaffirmed the significance of these proposals, noting they are "well-researched and carefully considered" and have been presented in parliamentary debates. He countered the government's assertion that the opposition lacks alternative solutions, insisting that PSP is equipped to enhance the welfare of every Singaporean.

TARGETED CONTEST IN GE2025

The party has confirmed its intent to contest the West Coast-Jurong West and Chua Chu Kang Group Representation Constituencies (GRCs) in the upcoming election. While the final candidate count is still under evaluation, Leong indicated that fewer candidates might be fielded compared to the 24 seats contested in 2020, as the party aims to concentrate its efforts and resources more effectively.

“Our learning from the 2020 election made it clear that we must focus our manpower and communication strategies,” Leong explained during a press conference. He further noted that the 2020 election saw PSP winning 48.31% of the vote in West Coast GRC, marking a competitive stance against the PAP.

HIGHLIGHTING KEY PROPOSALS

The PSP’s manifesto places a strong focus on the soaring cost of living and proposes multiple measures to tackle this issue. Among these is a move to reduce GST from the proposed 9% back to 7% and to exempt essential items such as rice and water from taxation. This plan is complemented by calls for enhanced support for low-income families through cash aids and utility rebates funded by progressive taxes instead of GST.

On the housing front, PSP emphasizes its commitment to making homes more affordable, renewing its call for the controversial Affordable Homes Scheme which allows for the deferment of land cost payments for first-time buyers. Additionally, the party aims to expand access to home ownership for singles by reducing the age eligibility to 28.

GOVERNANCE AND TRANSPARENCY

In the governance sphere, PSP proposes a slew of reforms aimed at improving transparency and accountability. They advocate for a Freedom of Information Act, better checks on ministerial salaries, and pushing to depoliticize organizations such as the People's Association. A critical highlight includes the call to abolish the Group Representation Constituency scheme which PSP argues can lead to a lack of accountability and representation.

FOCUS ON JOBS AND SOCIAL WELFARE

A major section of the manifesto addresses the pressing issue of job security for Singaporeans, advocating for a minimum wage and tighter regulations on Employment Pass holders. The party plans to implement stronger safeguards for local workers and ensure better rights for retrenched workers.

With respect to the social safety net, PSP aims to simplify the network of support schemes and help caregivers of young children. The proposals also suggest increased financial support for Singapore’s elderly population while also empowering them through savings options.

EDUCATION REFORM

In education, the manifesto outlines ambitious changes, proposing to make the Primary School Leaving Examination (PSLE) optional. It encourages a diversified approach to education beyond traditional exams, aiming for a student-centric system that prioritizes mental health and well-being.

PSP’s manifesto is not just a political document; it's a comprehensive vision for a fairer, more equitable Singapore. The call for a rollback on GST, accountability among elected officials, and robust social reforms reflects a party determined to present itself as a viable alternative to the status quo. As the election draws closer, Singaporeans will undoubtedly be watching closely to see how these proposals unfold in the political arena.