26 Feb '13, 6am

[Vincent Wijeysingha]: While the 2013 Budget attempts to address systemic problems that ail the nation, it...

While the 2013 Budget attempts to address systemic problems that ail the nation, it continues to fall short, as with past Budgets, of addressing what Singapore really needs. The SDP welcomes Finance Minister Tharman Shanmugaratnam's acknowledgment of the income disparity in Singapore and his effort to tackle the problem through the Wage Credit Scheme (WCS). We note, however, that the Scheme is similar to the Workfare Income Scheme (WIS) in that it pays out to employers to raise wages of workers. The WIS has shown not to be helpful in achieving its objectives as income inequality in Singapore continues to widen despite it having been in effect since 2007. The Gini coefficient has risen in the last few years and continued to worsen in 2012 (from 0.473 in 2011 to 0.478 in 2012 ). Without addressing the root cause of the income gap in Singapore, which is the continued downward...

Full article: http://yoursdp.org/news/sdp_s_response_to_budget_2013/201...

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25 February 2013 Last updated at 10:26 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print ...

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bbc.co.uk 25 Feb '13, 10am

25 February 2013 Last updated at 10:26 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print ...

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bbc.co.uk 25 Feb '13, 10am

25 February 2013 Last updated at 10:26 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print ...

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thereformparty.net 06 Mar '13, 1pm

This Budget offers no fixes for these problems that the PAP has created. Instead it continues to use various subterfuges t...

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thereformparty.net 06 Mar '13, 1pm

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