Commentary: Singapore should focus on economic growth rather than redistributing a smaller pie as it reopens

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Government assistance in 2020 and 2021 has put a floor beneath vulnerable sectors and families. But Singapore must focus on growing the economy as it reopens, says Faizal Yahya.

SINGAPORE: When Singapore was hit by the full brunt of the pandemic over 2020, the Government provided huge policy support measures for households and companies.

Resorting to tapping on past reserves have also raised concerns over financing extra government expenditure. Despite stronger growth forecasts, the GovernmentS$1.1 billion support package for workers, businesses hit by Phase 2 restrictionsThere is no doubt the extraordinary assistance has placed a floor beneath the lowest income households over this recession and saved many from destitution.

Most of this increase in social expenditure has been funded by reliance on Net Investment Return Contributions , Singapore’s largest revenue source that has exceeded all forms of taxes including the goods and services taxes . These are redistributed through schemes such as Workfare, GST vouchers, as well as ongoing subsidies for the lower and middle-income households in education, housing and healthcare among others.

 

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我國的國門一直都在開著的,我們不缺外來人才。但是過去十幾年來我國的經濟增長不高過4%懂嗎?這次增長是靠1000億儲備金來刺激的。

打工賺自己的儲備金?

可別忘記了,就是新加坡政府拿出1000億儲備金來刺激經濟才有增長的。新加坡沒有前途了。

薪水已經扣到跟2001年的911襲擊後的1200差不多了!在新加坡的老闆太窮了?窮就別出來當老闆!把我們當乞丐!幫你們省錢?你們公司也撐不下去的。

薪水已經扣到跟2001年的911襲擊後的1200差不多了!在新加坡的老闆太窮了?窮就出來當老闆!把我們當乞丐!

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