18 Feb '11, 3pm

Most Singaporeans happy with Budget 2011

Most Singaporeans happy with Budget 2011

SINGAPORE: Singaporeans have welcomed the benefits contained in this year's Budget. Finance Minister Tharman Shanmugaratnam on Friday unveiled a budget filled with handouts like Growth Dividends, income tax rebates, lower income taxes for middle-income wage earners, Special CPF Housing Grant for first-time purchase of a Build-to-Order flat as well as Medisave top-ups. Most Singaporeans MediaCorp spoke to responded positively to the Budget, saying they would benefit one way or another. But some expressed concerns over whether these goodies are enough for them to tackle the rising cost of living. "Things are getting more expensive. For old people like me, we don't get any increment in our salary. In fact, they (employers) are reducing our salary," said 69-year-old Mr Lim, a retiree who is working full-time on a contract basis in the commerce industry. Some Singaporeans said ...

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

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