Singapore is expected to roll out a generous budget ahead of an election as the ...
SINGAPORE - Singapore is expected to roll out a generous budget ahead of an election as the ruling party seeks to appease voters who are feeling the pinch from a sharp economic downturn, analysts say.Prime Minister Lee Hsien Loong has formed a panel to review electoral boundaries, the government said on Wednesday, the traditional precursor to an election being called within months.
“It’s an obvious time that the government would be instituting some expansionary spending, something to boost the economy, get it through this weak point,” Cochrane added. Gillian Koh, deputy director of research at the Institute of Public Policy Studies, said the next budget would likely include more subsidies for childcare, pre-school education and for training and re-skilling workers.LACK OF OPPOSITION
“The current reserves can give a significant boost to government spending in next year’s budget and that can be politically advantageous and strategic for the PAP.”“It’s been more and more difficult for many young people to get housing, and many middle incomers like myself find ourselves in a hard situation,” said 29-year-old banker Alicia Tang.
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