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:
- Subsidising the employers' CPF contribution temporary for a year.
- Giving a tax break across the board for employers to keep their costs low.
- 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.
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