Tag Archives: Budget 2015

SMART SINKIE: I DON’T GET ANYTHING FROM THE BUDGET

I m unemployed and middle class, I don’t get anything from the budget. All those one off are just small expenditure, their constant increases of recurring of HDB prices, UtIlities, Transport, basic necessities are scary, those are permanent blood sucking. Don’t be tricked by their nice marketing and words, most people don’t get anything.

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A HANDOUT BUDGET WHICH FORGETS ABOUT GROWING LOCAL TALENT

Call it an election budget or whatever you like, it is a handout budget, full of handouts for the people. Everyone is going to collect an ang pow somewhere along the line. The biggest and most welcome package would be the Silver Support Scheme. The budget did not mention anything about creating more true blue Indian Chiefs. The policy of bringing in more foreign Indian Chiefs and allowing govt and private sectors to fill the Indian Chief positions as they like is unchanged.

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WORRYING: SINGAPORE GST COULD GO UP AFTER NEXT YEAR TO 9 OR 10 PER CENT!

The GST could go up after next year to 9 or 10 per cent, in line with the Asia-Pacific average. Other taxes the Government could raise include consumption taxes, stamp duties and property taxes, they said. On Tuesday, Finance Minister Tharman Shanmugaratnam had dispelled the notion that the Government had adopted a “Robin Hood” strategy for this year’s Budget by taxing the rich more to give to the poor. He said the bulk of the spending is for the common interest and not one particular group.

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PETROL PRICE SOAR BY 20 CENTS PER LITRE AFTER PETROL TAX HIKE

Pump prices across all four petrol companies were up on Tuesday, following Monday's Budget announcement of a hike in petrol duties. The most popular grade of petrol, 95-octane, now costs between $2.01 and $2.04 per litre. Premium grade petrol, such as 98-octane, now ranges from $2.20 a litre at the Singapore Petroleum Company, to $2.65 for Shell's V-Power. All prices are before discount.

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S’POREAN: I DONT WANT SKILLSFUTURE CREDIT, I ONLY WANT COLD HARD CASH

Mr Tharman , if we don’t want to use this fund, for this $500 fund, can it straightaway cashed out by all of us Singaporeans ? If not , then what is the use of this SkillsFuture Credit for us Singaporean if we don’t use it ? Cannot cash out , it is as good as you have allocated nothing for us Singaporeans out of it , right ? And you will be talking like you have given us a lot of money to us Singaporean ! The whole country Singaporeans don’t need this type of useless SkillsFuture Credit fund . Singaporeans need is real cash payback to all of us now !

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WHY SINGAPORE’S CPF SYSTEM IS LOUSIER THAN MALAYSIA’S EPF RETIREMENT FUND

During Budget 2015, Finance Minister Tharman announced the long awaited changes to the CPF system. Sadly, it was sorely disappointing and here's why! Why are only CPF members above the age of 55 getting the additional 1% interest on their CPF balances? Shouldn't all CPF members be entitled to the additional 1% interest on their CPF balances to better prepare ourselves for retirement rather than having to wait till 55?

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TOP TEN FUNDAMENTAL FLAWS OF ELECTION BUDGET 2015

Though this move is laudable as it will help many middle income families who belong to the sandwiched generation, many Singaporeans often wonder what do the government does with the levy collected which can total a few billions a year? Its a massive passive income enjoy by the government as more than 800,000 foreign workers working here currently are paying foreign worker levy which is borned mostly by the employers. More can be spelled out as to how the government spend the ultra-billion-dollar levy collected?

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WOMEN RIGHTS GROUP AWARE APPLAUDS BREAKTHROUGH BUDGET SPEECH

The Association of Women for Action and Research (AWARE) applauds the emphasis on redistributive policies in the breakthrough Budget speech delivered by Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam today. The DPM’s statement included a welcome commitment to the government’s redistributive role * with increased assistance for low *income groups supported by taxation of the top 5% earners.

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