from a layman point of view, its a super disappointing budget..
no extra measures to tackle e cost of living.. as if half a month's of SSC discount is going to help
no measures taken to encourage sporeans to spend even though SM Goh has verbally encourage sporeans w e ability to do so.. doubling e GST credit is too insignificant lor n i bet most sporeans wont spend it so wat's e use?
e rest of e measures i dun see it benefitting e normal man on e street.
i know tt e aim of e budget is to preserve jobs..
but i personalli feel that w external dd in big qn mark, is 12% enough to help e export oriented firms?
n then for exec level employees, its less than 12% cos e wage is kept at 12% of 2500 or lower..
for capital int ind, e biggest cost in e production may be not wages.
when there's ext dd, there's also internal dd. then why does e govt always overlook local dd? why dun e govt dish out more incentives for e local to spend?! i know they are going to repeat tt most of local spending will end up in foreign hands anyway so no use.. but like wat i mention in my post sometime last yr, it seems like they are missing out e whole pic. let's face it, any country which does trading will face this prob anyway so wat's e fuss? as long as a portion of e spending end up in local hands, i think its good enough. n 40% is not too small a num leh..
n im also not expecting a big miracle.. even taiwan expects e shopping vouchers to boast GDP by only 0.64%. maybe e govt wanted to see more results so they think its not worth it.. but i also like to point out how much will e other measures help? w most developed economies expected to go into recession, my take is tt any measures tt can dampen/cushion a more serious/painful recession is worth trying..
i realli dun get it....
