21 Feb '11, 1am

PM Lee Hsien Loong said that the 'pro-growth', 'prudent' Budget took an approach that very few countries can

PM Lee Hsien Loong said that the 'pro-growth', 'prudent' Budget took an approach that very few countries can

THE new Budget, with hongbao to help Singaporeans cope with the rising cost of living, took an approach that very few countries can, said Prime Minister Lee Hsien Loong on Sunday. Calling it 'pro-growth' and 'prudent', he said it also reflected how the Government intended to make life better for Singaporeans. However, he cautioned: 'We can't do this every year but we had a good year last year.' With expected higher inflation, 'it's right that we have a Budget a bit more generous than usual', he added. His comments on Friday's Budget at an event in his Ang Mo Kio GRC set out the thinking behind the 'Grow and Share' package as well as the need for Singaporeans to stay united and work hard for an even better future. At a separate community event, Senior Minister Goh Chok Tong described it as 'a Budget with a heart'. Read the full story in Monday's edition of The Straits Times.

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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