16 Feb '11, 9am

SDP unveils alternative Budget

SINGAPORE: The Singapore Democratic Party (SDP) has unveiled an alternative Budget, the first time an opposition party is presenting to the government's financial policy for the year ahead. Titled "Empowering The Nation", the SDP sets out three priorities - lowering the cost of living, enhancing job creation for Singaporeans and enhancing the well-being of the people, as opposed to the welfare of the State. Among its proposals, the SDP is proposing a graduated GST to take into account essential goods versus luxury goods. The proposed GST will range from 0 for essential goods and services such as food and medical care, to a maximum of 10 per cent for non-essential goods such as luxury items, costing more than S$500 each. The SDP also suggested implementing a scheme for employers to demonstrate that if they want to hire a foreign worker, they must show that this worker canno...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

Tweets

SDP’s ground-breaking alternative budget challenges the PAP's economic philosophy:

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SDP's Shadow Budget available for download

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