Clarification by Minister for Finance

The following statement was in the round-up speech given by the Minister for Finance (Mr Lawrence Wong) during the Debate on the Annual Budget Statement at the Sitting of 2 March 2022:

The Minister for Finance (Mr Lawrence Wong) The Minister for Finance (Mr Lawrence Wong): The new Local Qualifying Salary (LQS) will take effect soon, from 1 April this year. [Please refer to Official Report, 2 March 2022, Vol 95, Issue No 52, Debate on Annual Budget Statement section.]

Written statement by Mr Lawrence Wong circulated with leave of the Speaker in accordance with Standing Order No 29(5):

I wish to make the following factual correction to my round-up speech during the Debate on the Annual Budget Statement at the Sitting of 2 March 2022. My speech should read as follows:

The Minister for Finance (Mr Lawrence Wong) : The new Local Qualifying Salary (LQS)

requirement: will take effect soon, from 1

September: this year.