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The following article was published in our article directory on January 25, 2011.
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New Budget Will Announce At Next Month

Article Category: Business

Author Name: xia zihui

The ministry of finance yesterday announced finance minister shang da mann next month will 18, published in congress fiscal year 2011 government budget.

Shang da mann a few weeks ago, said the government in making new fiscal year budget measures, will consider inflation on the impact of compatriots, and how to deal with the income gap problem.

State has also said that goh chok tong sm believe that this year's budget will include assist people cope with living expenses rising measures. Prime minister lee hsien loong last November, said this fiscal year because of government revenues than the prediction of come early, so "next time budget will announce good news".

Executive director of Chinese society self-help council WuZhenQin yesterday polled said: "our hope is that low budget for families and personage provides layers of multi-point aid."

Citigroup economist JiWei are two weeks ago in a research said, come the budget will be a "tendency to assist middle-income and low-income families cope with living expenses rising bounteous budget" before a general election.

He estimates that the government will use the accumulated to fiscal surplus of low-income workers, to strengthen let benefit of employment income to subsidy scheme, and provide more bounteous individual income tax rebates.

Chang international economists SongShengWen also believe that government will increase bonus or distributed LeLing bonus wait for means, share the country's economic results.

He interviewed yesterday when the government estimates this fiscal year accumulate over 2% of GDP, than previously expected earnings 1% is still high. He said: "the usual economic performance is good, the government will tell people share the fruits of economic growth, coming to budget should not exception."

Recently also spread some cry, hope the top 20% of the individual income tax from lower to 17%, consistent with corporate tax. SongShengWen think it's not very likely. He said: "be careful when proposed expectations, the government will give the side back from there, if minus income tax have to consumption tax-an. But the consumption tax-an will bring undesirable political consequences, the government should not be in tattered do so."

JiWei are also think in government outstanding "inclusive economic growth" on the premise, it seems hard to reduce the highest income group of income taxes are self-explanatory.

Folk care living rise, small and medium-sized enterprises have worried about operating costs, and hope to get aid in budget.

Singapore Chinese chamber ZhangSongSheng polled said: "President last local enterprises most attention is financing problems and migrant workers number of foreign tax and the problem, but this year they are concerned about the most, is linear rising operating costs.

Can read online budget speech transcripts

According to the general chamber to member launch investigation recently, most members want most 2011 budget can help reduce operating costs and corporate. "

The ministry of finance, the government said yesterday hair proclamations budget website (www.singaporebudget.gov.sg) through the Internet radio for shang da mann's budget speech live coverage on. Minister finish speech, will also in succession paragraph published in budget website.

The public may submit your site to budget your email address, let authorities in the budget speech beyond the end of notes to their mailbox. The government will next July to stop to the folk collect to 2011 budget expectations and feedback.

Public sentiment group has also for collecting the populace to budget announced by the plan opinions and open multiple channels, including from next month 18 UP to let people send message to 97732587 (9 - books - UP), dial the electricity 1800-3535555 or via fax to 63548068 comment.

People also can go up co-operatives group AD hoc website www.reach.gov.sg/budgetsg, through different electronic media provide feedback.

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