Singapore: Reactions to the Proposed 2012 Budget
The highlights of the proposed 2012 budget of the Singapore government include the commitment to lower the country’s dependence on foreign workforce, greater assistance to the elderly, the disabled and the lower-income families, and boosting the capacity of public transport and public hospitals.
Simeon Ang notes there are no significant stimulus measures in the budget:
Pragmatism, an attribute that our government is known to propagate in all of its policies, is clearly evident in this year’s budget. Analysts were right to tone down expectations about the possibilities that Budget 2012 would pump a huge stimulus into the economy on a short term basis. (...)
