Saturday, January 17, 2009

Any surprises for Singapore budget?

Singapore's budget day is coming on the 22nd of Jan 2009. I guess it's the most awaited day for most Singaporeans. How the government will help Singapore or at least alleviate some of our sufferings.

Based on what limited time I had recently, it seems that the government is tight lipped on the details of the budget. Based on Singapore's "track record", I can only think of the following perks that seems to be feasible:
  1. Subsidising the employers' CPF contribution temporary for a year.
  2. Giving a tax break across the board for employers to keep their costs low.
  3. Cutting the property tax temporary for a year.

There would be of course the usual spending for public works, and maybe addition of more training programmes. I would think that's about it. The icing on the cake would be a cut in the ministers' salaries.

There's basically nothing the government can do to restore the economy. This is the result of relying on others.

Be prepared for hardships till 2010 at least.

No comments:

Visit Rhinestic's Knick Knacks @ Etsy for handmade goods and supplies!

Related Posts Plugin for WordPress, Blogger...