Deputy Prime Minister and Treasurer

Deputy Prime Minister and Treasurer, Charles Abel, said he has tasked the commission to carry out the review in a bid to fully understand the factors causing high rental costs.

Abel said while the government’s initiative to make housing more affordable though is First Home Ownership Scheme is still ongoing, there are still many who rely on rental accommodation.

Accompanied by his Vice Minister for Treasury, Win Daki, Abel visited the ICCC yesterday as part of a routine stopover at various government institutions.

Deputy Prime Minister and Treasurer Charles Abel made this announcement during the launch of the 100 Day Economic Stimulus Plan recently.

However, he said the reduction will be only temporary as the Government is committed in funding the PSIP and DSIP.

He said the details of the cut will be highlighted in the Supplementary Budget where the Government will announce in the near future.

Abel added that the Government will maintain the Ward Service Improvement Programme (WSIP) fund and continue to fund the wards across the country.