SINGAPORE — Singapore cannot rely on"sentiment-driven" collections such as stamp-duties as a stable and sustainable source of revenue to meet rising recurrent expenditure needs, said Finance Minister Lawrence Wong on Monday .
The increase came on the back of a lower base in the previous year due to the pandemic, when tax revenue fell by 7.3 per cent, the Inland Revenue Authority of Singapore said in a news release last month. "The Government shares Singaporeans' concerns over inflation. Over the past decade, Singaporean workers have experienced real wage growth. Wages have exceeded inflation," he said.
"We will also continue to uplift the wages of low wage workers by expanding the Progressive Wage Model to more sectors and to raise the wages of lower wage workers, along with enhancements to their skills and productivity."
Do as what you like we can’t object to it as ppl don’t have the power only see you in GE
no gst increase, no salary increment for appointment holders..
So how much salary increment is he getting again?…
Why ageing population? Is it because of stop at 2 in the 70s? So now we are paying the price of you-know-who mistake
There is also nothing wrong reversing a financial decision that was made in better times