19 Feb '11, 2am

An Election hong bao or a Budget for an inclusive Singapore? #SGbudget

Each year, the Budget reveals the Government's immediate priorities over not only the next 12 months but also the years ahead. In the lead-up to this year's Budget, expectations grew rapidly that there would be plenty of goodies. Many Singaporeans were touting it as an "Election Budget". Now that it has been unveiled, when compared with its predecessors, the 2011 Budget does come across as being generous indeed with, for instance, Growth Dividends of up to S$800 in cash for individuals and the average Singaporean household receiving S$3,000 overall. The S$47.1-billion Budget has its eye on the short term and the long term. Against a backdrop of a growing income gap and inflation concerns, the imperative is to renew the people's confidence in the Government's commitment to shared economic growth. The Grow & Share package also serves to subtly impress upon Singaporeans that ...

Full article: http://www.todayonline.com/Singapore/EDC110219-0000216/An...

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