The Singapore government has officially eradicated poverty by depositing a staggering 300 dollars into the bank accounts of the local peasantry.

Citizens were seen storming luxury car showrooms, convinced this one-off payment would finally bridge the gap between destitute and slightly less destitute.

"Wah lau, I see the PayNow notification then I straight away resign from my security guard job lor," said local resident Tan Ah Kow.

Economists suggest this massive influx of liquidity is sufficient to purchase three whole chickens or approximately half a parking fine in the Central Business District.

"Government so generous sia, give me money to pay for the 9% GST increase they charge me every day," Tan added while weeping with gratitude.

The Ministry of Finance reminded the public to spend their new fortune responsibly, perhaps by investing in a single high-quality durian seed.