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Good News on Singapore Budget 2011

February 18, 2011 · Posted in Economy · 1 Comment 

Singapore Budget 2011

To be honest, I wasn’t looking too much into the outcome from Singapore Budget 2011, but news reported from AsiaOne has given me a tinker of interest. Two great news to share here:

  1. All Singaporeans are eligible to receive between $600 and $800 cash, depending on the income level and the housing apartment. Unfortunately, individuals who stayed in expensive houses are only eligible up to $300, despite they could be low earners.
  2. NSmen and NSFs will get an additional $100 of Growth Dividends as recognition for their service to the nation, starting February 2011.
  3. Radio and TV licenses will be removed, with effect from January 2011, due to the reason that it has lost its relevance, as commented by Finance Minister. Refunds will be give to those who have already paid their licenses.

So, it’s not that negative after all. On a side note, I’m sure you agree with me, that we can’t help wondering if this has anything to do with the possible upcoming General Elections.

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