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.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Strong economic data, easing trade worries push Wall Street higherU.S. stocks hit one-month highs on Thursday on hopes of a de-escalation in trade...
Read more »
Hurricane updates: 'Dorian is ready to unleash its fury' on North CarolinaLATEST: Dorian is now back to a category 2 storm with sustained winds of 110 mph. Eye of hurricane currently located about 50 miles SSW of Charleston.
Read more »
Hurricane Dorian updates: Storm 'ready to unleash its fury' on North CarolinaVIOLET VIEW: The skies over Florida turned purple as Hurricane Dorian churned north up the east coast, offering residents some unusual and beautiful sky gazing.
Read more »
These Startups Show Blockchain's Potential In Various IndustriesBlockchain may be a game-changer for a few industries in the near future.
Read more »
Saudi Arabia could slash growth estimates as contraction loomsSaudi Arabia may have to revise down economic growth estimates as lower crude ou...
Read more »
Ireland raises prospect of some no-deal Brexit checks near borderIf Britain quits the European Union without a deal next month, some checks may n...
Read more »