18 Feb '11, 9am

Budget 2011: Lower-, middle-income households to get S$3.2b in aid: SINGAPORE: The 2011 Singapore Budget will pr...

SINGAPORE: The 2011 Singapore Budget will provide packages worth some S$6.6 billion. Part of the funds are to be received this year, and the rest will be "set aside for the future" Finance Minister Tharman Shanmugaratnam said during his budget speech on Friday. A "Grow and Share" package of S$3.2 billion will be provided to households this year, with more going to lower- and middle-income families. The remaining S$3.4 billion will be set aside for longer-term social investments to enhance Singaporeans' well-being, with a focus on supporting a first-class, long-term care environment as the population ages. The benefits do not include other permanent shifts in taxes and subsidies that Budget 2011 introduces "including greater progressivity in our income taxes, and significantly enhanced bursary support for students," Mr Tharman added. He added the government will do more to ...

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

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