Mr Speaker Sir, Perhaps the most noteworthy thing about this year’s Budget statement was the amount of support measures provided to Singaporeans without any additional major tax increases announced. This will come as a great relief to many Singaporeans who are still struggling to cope with high costs of living and an uncertain job environment. […]
Mr Speaker, It was announced that the grant for resale HDB flats will be increased in order to make resale flats more affordable for first timers. This is exactly the price spiral I spoke about during the debate on public housing 2 weeks ago. The resale grant will push up demand for resale flats and […]
Mr Speaker, Sir, There are many measures announced in this year’s Budget Statement that we welcome. We welcome the further tightening of foreign manpower, the increased focus on redistribution through the introduction of higher income tax rates at the top tiers and higher taxes on property and luxury cars. We think that more can be […]
Mr Speaker, Sir The DPM has pointed out in his Budget Statement that Singapore can expect a budget deficit of $11 billion, representing about 2.2% of GDP. This can be attributed to the Covid 19 Resilience Package. As it stands, why $11 billion, and not, say, $22 billion is the prudent budget deficit figure can […]