Singapore Finance Minister Lawrence Wong wraps up Budget 2024 debate

Deputy Prime Minister and Finance Minister Lawrence Wong wrapped up the debate on the Budget in Parliament on Wednesday (Feb 28). On the issue of social support, Mr Wong assured Singaporeans that the government is taking further steps to strengthen its system of risk-pooling and social support. He stressed that it is not just about giving handouts, but is also about giving people a “leg up”. He also addressed concerns of Singapore becoming a two-track economy - one for multinational corporations and another for SMEs. He said a better way is to look at them as two broad segments of the economy - one that is outward-oriented and another that is domestic-oriented.

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  • @ImperialArmour
    @ImperialArmour3 ай бұрын

    Minimum pay for EP should be at the top 20%, or even top 10%. There is no shortage SGreans who spent their family's savings being educated in our schools, and are more than skilled even in the emerging AI fields.

  • @user-og2ne4bi8w

    @user-og2ne4bi8w

    3 ай бұрын

    你这样的,国家回天乏术了。嘿嘿嘿嘿嘿~ 失治太久又太过... ...继续吧~

  • @user-pm5qq2kx9r

    @user-pm5qq2kx9r

    3 ай бұрын

    Gauging from ur comment, I bet u r a foreigner, n u know wat I kind of support both our garment n ur suggestions but definitely not top 10% .... Reasons being: 1) why I support? . The intention of minimum wage for EP is to cut off unqualified Employment Pass holders....n tie tat heavy responsibility on employers to b selective on the foreign employees coming in....not to replace us but to support our work force.... . Hence with an increase on the minimum wage on the EP, Tat wud only mean tat the employers will have to further tighten their belts.... To start cutting off further on employees who dun perform n unnecessary for their businesses.... E.g. 2 teachers' salaries cost an employer $8k, with increase in min. wage, e.g. $5k, I need to kick 1 off, pay the other $5k n yet as a result save $3k...😅 Anyway some foreign companies r relocating elsewhere hence their kids r leaving Sg too....hence we will c lots of foreign schools r losing the number of international students too....so why need so many foreign teachers? 2) why I dun support ur suggestion even the top 10%? * ur suggestion r not contributing to our GDP....more of a selfish demands to only benefit oneself... * if u had cared enough to watch n listen to DPM Lawrence Wong speech, he did mention key things, his intention is to Increase productivity, Increase our country's GDP.... * From ur comment, u mentioned: - u r working in an international school - my guess is u r an educator.... have u contributed directly to our country's GDP? Nope....why I say tat? * the international school u r working in, is considered as domestic business...which doesn't contribute much to our GDP.... * the international school exists because of foreign expats who r not here for the long haul but yet need to bring their family here and their kids r studying e.g. in Canadian International School which is following Canada school curriculum.... hence u r employed bcos there's a huge no. Canadian Expats working here....with their families moving in together..... * Hence wat r u toking about why Singapore students dun study in these schools if we dun have intention to migrate to e.g. Canada...🥴😵‍💫🤯😂? In conclusion, the budget 2024 is focusing on helping n uplifting the Sg workforce as a result to uplift Sg GDP, from international industries n domestic industries.... As for your school, international students come all just because of their parents r working here, only indirectly contributing to our GDP.... Pls note, is high time the government starts to focus on us, after spending so many years on focusing on yall, foreigners' demands and yet became a dead weight on our country's problem....doesn't help much on our economic growth n yet foreign investors r moving out cos operational cost r expensive n the workforce mostly filled with foreign workers r not productive at all.... Hence, ask urself why u c urself as so much more important over Singaporean as to demand a top 10% pay increment over us Singaporean?

  • @AngieleowHoon

    @AngieleowHoon

    6 күн бұрын

    In the end they settle down here.

  • @ImperialArmour

    @ImperialArmour

    6 күн бұрын

    ​@@user-pm5qq2kx9r You got it wrong, the comment is saying the qualification cut off wage for E pass and above should be a floating peg at the top 20%-10% of income earners, that way it'll really means this person's experience and skillset is rare enough to import. This is after observing so many local graduates underemployed, many of them even have 5-10yrs experience.

  • @edmondievoonie
    @edmondievoonie3 ай бұрын

    Listening to SG ministers speaking in parliament make me feel so embarrassed with the quality of MPs we have here in Malaysia.

  • @aliceningkan322

    @aliceningkan322

    3 ай бұрын

    Msia tahu pasal agama aja. Kita rakyat msia semakin maju ke belakang. Kasihan negara kita yg kaya dgn bermacam sumber and 😢

  • @aliceningkan322

    @aliceningkan322

    3 ай бұрын

    Msia need really high educated person to be a politician.

  • @whatthehead

    @whatthehead

    3 ай бұрын

    How do you feel about Anwar?

  • @cnachopchopnewsagency

    @cnachopchopnewsagency

    2 ай бұрын

    You guys actually have good PM, Najib, he brought in massive FDI from China, USA and middle easts BUT you guys are too stoopid to change him because of stoopid promises by your current government. I as Singaporean was laughing to see you Malaysian can believe the PH government of current ruling Malaysia to wipe off student debt, to bring down the petrol price the next day if winning election and other emoty promises😂😂 You guys Malaysian ls are easily foolded honestly😂😂 Yes, Najib was corrupted(which government is not corrupt😂even lee kuan yew also have his own corruption issues😂) but he still delivered as PM of Malaysia.

  • @user-rl5og8qm6i

    @user-rl5og8qm6i

    20 күн бұрын

    @@whattheheadA failure

  • @kennethgoh7198
    @kennethgoh71983 ай бұрын

    I absolutely like how he is sharp and accurate to his response. It shows the amount of work and efforts he puts in his craft. Truly becoming a better leader everyday. Hope his team can keep up and live up to the same work ethics. I must still say, there are trash ministers. ;( otherwise, thank you DPM Wong.

  • @GASIA-cw8iw

    @GASIA-cw8iw

    3 ай бұрын

    Banks grew 25% in 2023. GDP grew 1.2% in 2023. Can explain? Ha ha ha!

  • @LonganLee

    @LonganLee

    3 ай бұрын

    I like the GST hike contributing to Inflation and cost of living crisis as raised by members. But our great leader give goodies. So this is the magic of Singapore. Raise tax and give rebates and vouchers. Some may say no need all this goodies if no Tax increase. True in a way, but I must be seen to be politically correct so I told him, I disagree with him.😅

  • @LonganLee

    @LonganLee

    3 ай бұрын

    Singapore has achieved what no countries have. SG has invented a way to make tax hikes palatable to the peasants. My perception of the mechanics is as follows: 1. Raise tax gradually. 2. Give one-off rebates or vouchers. Note that such can be repeated. 3. Go to step 1. Eg. Another year later, can rinse and repeat. But I not sure if this can be an infinite loop. So, just my perception and not the reality. Majulah! We base on Believing. I no need accounting truth. I speak for myself only. I am as smart as A.I😅🤡🤭🤣🏳️ But the COE, to me, is still the All-Time Greatest invention by the Spore. 🏆

  • @LonganLee

    @LonganLee

    3 ай бұрын

    My favorite Minister was Iswaran

  • @GASIA-cw8iw

    @GASIA-cw8iw

    3 ай бұрын

    @@LonganLee Current Tenancy: S$5000; New Tenancy: S$7000. The increment of S$2000 is inflation or productivity improvement? It's taxable income for the landlord, right? Is there any value added by the landlord to justify the rent increment? Singapore has financialised the economy. It is using inflation to prevent the GDP from going below ZERO. Now you know how NTUC supermarkets and SMRT make profits, right? Yes, buy increasing prices and fares, respectively. Ha ha ha!

  • @johnlim1678
    @johnlim16783 ай бұрын

    who inflated the high cost of living? high food cost? does he know 9% GST increase, many vendors and food sellers are taking advantage to increase their costs? tsk tsk tsk

  • @anziar3038
    @anziar30383 ай бұрын

    Marvelous! PAP has proven once again that it is the only responsible and effective party in s'pore. Excellent PAP!❤❤

  • @EmperorRoy

    @EmperorRoy

    3 ай бұрын

    The only thing PAP has proven is being incompetent.

  • @johnlim1678

    @johnlim1678

    3 ай бұрын

    @@martinmisty866-do you need pro aliens party to help you? tsk tsk tsk

  • @LonganLee
    @LonganLee3 ай бұрын

    ❤❤My only unhappy with this parliament session is the backbenchers should nod their heads more frequently. They should nod more visibly and with more oomph

  • @nyhrogernyhroger8754

    @nyhrogernyhroger8754

    3 ай бұрын

    Ys lah all the 'ke tao zhu'😵‍💫😵‍💫😵‍💫 lah..ha..

  • @monteirorobin9482

    @monteirorobin9482

    3 ай бұрын

    I agree 👍

  • @hoti3960
    @hoti39603 ай бұрын

    i am concerned about many person of non origins who are holding power determining "our" future, knowing PAP of local "origins" speaking for the "origins".

  • @user-og2ne4bi8w

    @user-og2ne4bi8w

    3 ай бұрын

    Even if you have persons of origins, even if you are holding power... ... What gives? Hee hee hee hee hee hee... ... Till the end of Singapore story, this is still... ... hahahahahahahahahaha~

  • @evolution8662

    @evolution8662

    3 ай бұрын

    What you mean??

  • @kokkeeSeck-xs5yj
    @kokkeeSeck-xs5yj3 ай бұрын

    Why cite Siemens as an example?

  • @angsiuhong3408
    @angsiuhong34083 ай бұрын

    Wednesday 28 February 2024 DPM Lawrence Wong Is very very eloquent and have deep understanding of Singapore start up. I highly recommend this to Singaporean to listen for yourself. And you read all the comments here were trouble makers, and from the same few people. Siu hong, Ang Karen Mr K SHANMUGAM

  • @jassc1757
    @jassc17573 ай бұрын

    Employer should encourage Training hours for Skillsfuture. Some of the workers are working shift hours or rotating shift and company is lacking of manpower. Not all employers support this scheme .

  • @user-og2ne4bi8w

    @user-og2ne4bi8w

    3 ай бұрын

    傻子,山林无羊偏要老虎学吃草... ...天大变,却不跟环境的愚蠢... ...应付得了今天,那明天呢?

  • @jtl2268
    @jtl22683 ай бұрын

    I’ve always feel blessed to be a Singaporean 😊

  • @angelo1283
    @angelo12833 ай бұрын

    a new generation of leader singapore is very fortunate to have a detail oriented pragmatic public servant who sees the world from multiple levels and points of view....i for one admire him

  • @user-og2ne4bi8w

    @user-og2ne4bi8w

    3 ай бұрын

    Pragmatic? You mad or just bootlicking? Hahahahahahahahaha... ... Prepare for pay $7 and soon $10 for a plate of chicken rice, you silly Pragmatic. Btw... ... you got your mRNA jab? There is no such thing as too many guinea pigs... ... 你是来搞笑的吧?

  • @LonganLee

    @LonganLee

    3 ай бұрын

    I prefer your style of praising than what Montero is doing. You can add an icon here and there to spice things up

  • @JL-nu3ob
    @JL-nu3ob3 ай бұрын

    Finance minister has a good team backing him up. All questions and queries taken into consideration, analysed, ranked and answered systematically, concisely and professionally with facts and figures. There are issues not limited to a single country being part of a global community. Pandemic, wars and climate change disasters are global issues that can lead to challlenging socio-economic and geo-political circumstances, globally; in a global village

  • @user-og2ne4bi8w

    @user-og2ne4bi8w

    3 ай бұрын

    What good team exactly are you yupping at.

  • @AngieleowHoon
    @AngieleowHoon6 күн бұрын

    What about AV?

  • @Chryeon
    @Chryeon3 ай бұрын

    with large sovereign funds and big capital market but still keep increasing GST taxes?? doesn't understand why need to raise

  • @monteirorobin9482
    @monteirorobin94823 ай бұрын

    Mr. Lawrence Wong is intelligent n speaks very well .

  • @ashunknown9728

    @ashunknown9728

    3 ай бұрын

    😂😂😂 hahaha intelligent hahahaahahahahahagahahagagagag

  • @clementihammock7572

    @clementihammock7572

    3 ай бұрын

    Covid somehow help us not to have Cotton Chan......heng ahhhhh..... 😂

  • @user-og2ne4bi8w

    @user-og2ne4bi8w

    3 ай бұрын

    既然Lawrence那么优秀,自然让他全力以赴。老夫可以安心撤离。呵呵呵呵~ 加油。

  • @Humorousguy64

    @Humorousguy64

    3 ай бұрын

    Speaks well yes ...intelligent? All are intelligent....but we need ministers that put themselves into low income shoes n understand how individuals need for low income

  • @monteirorobin9482

    @monteirorobin9482

    3 ай бұрын

    @Humorousguy64 He learned the hard way when he was young came from a nomal family not rich also

  • @user-pm5qq2kx9r
    @user-pm5qq2kx9r3 ай бұрын

    DPM Wong, as u speaks companies r LEAVING due to HIGH OPERATING COST CONTRIBUTED BY HIGH LAND COST & WATER WHICH PRICES R CONTROLLED BY YALL, PAP... HOW? Wat r ur future directions b4 we can decide wat to take up the skills future courses .... Future companies n industries, yall r planning to bring in?

  • @jessiejames7492
    @jessiejames74923 ай бұрын

    Thank you Mr Wong fr explaining so clearly.

  • @deschan2246

    @deschan2246

    3 ай бұрын

    When u ditch yr country?

  • @johnlim1678

    @johnlim1678

    3 ай бұрын

    you receiving grants , handouts? etc? tsk tsk tsk

  • @kokkeeSeck-xs5yj
    @kokkeeSeck-xs5yj3 ай бұрын

    There are difficulties in meeting basic retirement needs though Minister said it won't.

  • @AngieleowHoon
    @AngieleowHoon6 күн бұрын

    Talk about home office and home karaoke system what about home handphone music and vision digital system business? It's worth the investment in digital tech. and marketing?

  • @kokkeeSeck-xs5yj
    @kokkeeSeck-xs5yj3 ай бұрын

    It is not "Fantasy Thinking" to advocate a larger use of the returns of past reserves.

  • @caiby48
    @caiby483 ай бұрын

    A fabulous budget. Hope this urges for budget will not be needed in future so as to reflect true Singapore economy. Ever since majority people desired for Opposition parties in their precinct, the prices seemed sky rocketed manifolds against GST minor increases. In conclusion, the highly extol for opposition parties did not help much but has resurrected much more negative personalities , against law and order, engendering more distrust and anger among people to people. Singapore should place more emphasis on future toddlers 😂

  • @LonganLee
    @LonganLee3 ай бұрын

    He has potential to over take LKY as all-time-greatest🏆🏆👍👍👍🏆🏆🏆🏆

  • @Humorousguy64

    @Humorousguy64

    3 ай бұрын

    Cannot beat our mentor...no body can

  • @LonganLee

    @LonganLee

    3 ай бұрын

    @@Humorousguy64 Never say Never🤣

  • @johnlim1678

    @johnlim1678

    3 ай бұрын

    April Fool Joke coming? tsk tsk tsk

  • @waqasirshadsandhu7379
    @waqasirshadsandhu73793 ай бұрын

    One of the best countries on the planet.

  • @kokkeeSeck-xs5yj
    @kokkeeSeck-xs5yj3 ай бұрын

    But the bringing up of value of SGD makes Singapore products dearer than before when priced in USD.

  • @denisechan5992
    @denisechan59923 ай бұрын

    How can the domestic construction industry improve productivity when the government keeps on increasing cheap foreign migrants workers from third class countries.

  • @johnlim1678
    @johnlim16783 ай бұрын

    Are you telling us this 70% Pineapple Lovers: This is GOOD FOR YOU: 1) Increase GST 2) Increase PUB utilities 3) Increase COE, ERP 4) Increase Food Prices 5) Increase Housing prices 6) Increase Cost of Living 7) Increase Transport fares 8) Increase Hospital and Medical costs 9) Increase Foreigners intake, increase job losses 10) Increase Prices on Chicken, Eat Fish 11) Increase in Ageing population, collect carton boxes, a good form of exercise. 12) Failed 2 Child Policy 13) $1000 salary can afford HDB We need solutions not price increase!!!! What do you think?

  • @LonganLee
    @LonganLee3 ай бұрын

    老王果然有大将之风😅

  • @johnlim1678
    @johnlim16783 ай бұрын

    If more than 1 million foreign workers in Singapore are creating jobs, the more than 2 million Singaporeans do not need handouts? What do you think? Show us how $1000 salary can survive and owned a HDB flat? can?

  • @johnlim1678
    @johnlim16783 ай бұрын

    Swiss Standard country? more than 2million receiving handouts......tsk tsk tsk

  • @johnlim1678
    @johnlim16783 ай бұрын

    I prefer to listen to Gold 90.5 FM . Sounds Good, Feels Good . tsk tsk tsk

  • @AngieleowHoon
    @AngieleowHoon12 күн бұрын

    Friday evening approaching. Care to join me in CCC near my apartment for a night of church service? After church service want to have supper at kopi cafe near my apt.?

  • @user-zd7qj1yb9d
    @user-zd7qj1yb9d3 ай бұрын

    Bto flats where u need to bring ur clothes down to laundry kiosk to dry..hahaha

  • @johnlim1678
    @johnlim16783 ай бұрын

    Ah Wong arh. Why not you try and draw $1000 salary per month to survive and buy HDB ? What do you think?

  • @kokkeeSeck-xs5yj
    @kokkeeSeck-xs5yj3 ай бұрын

    We are investing heavily in local workers. Regret to say it is still not enough as foreign workers still exist in abundance in sectors where locals could cope.

  • @shuchanwong5054
    @shuchanwong50543 ай бұрын

    Foreign manpower costs such as levy has also increased and these will increase business operation costs. We will have to continue to live with these higher costs of living even when deflation occurs. I cannot imagine how badly affected will local workers be during unemployment now as compared to the past.

  • @user-lh6bl9qh8q
    @user-lh6bl9qh8q3 ай бұрын

    Lawrence Wong is handsome

  • @user-pr4zg5pq4v
    @user-pr4zg5pq4v3 ай бұрын

    This country is clearly worried that the market depression will increasingly affect the confidence of traditional investors, Including domestic and foreign politicians and businessmen. Don't worry, foreign investors locked in an air-conditioned room will only read the report and won't find any problems. Too expensive GST can worsening both inflation and deflation. They are already here.

  • @noprob7820
    @noprob78203 ай бұрын

    Is it really that ALL price raises are caused by external factors?

  • @michaelshih8163

    @michaelshih8163

    3 ай бұрын

    Mass immigration from China of billionaires is the main reason that prices are so high, especially private condo prices and high end cars.

  • @kokkeeSeck-xs5yj
    @kokkeeSeck-xs5yj3 ай бұрын

    Of course the larger setups are more productive. That goes without saying. But we cannot expect the smaller setups could do likewise. So the push for productivity growth should be made with a view to the fact that productivity varies in different circumstances

  • @johnlim1678
    @johnlim16783 ай бұрын

    Perhaps ask him try and earn $1000 salary and buy a HDB flat at the same time. Talk is Free, n more cheap. What do you think? tsk tsk tsk

  • @wilson_h
    @wilson_h3 ай бұрын

    The best government on earth. 👋👋👋👋👋👋

  • @user-lh6bl9qh8q
    @user-lh6bl9qh8q3 ай бұрын

    What tf is Lawrence talking about

  • @derricktan11
    @derricktan113 ай бұрын

    Lawrence look so square and bookish. Hope he’ll be a good PM

  • @kokkeeSeck-xs5yj
    @kokkeeSeck-xs5yj3 ай бұрын

    Not handouts but giving them a leg up. This is more talk than actions.

  • @godsamazinggrace5331
    @godsamazinggrace53313 ай бұрын

    2 dpms heng and wong Different dialects

  • @LonganLee

    @LonganLee

    3 ай бұрын

    王沙 野风 both different dialect too? I not sure did wangsha spoke to Heng man using Hokkien or Cantonese?

  • @kokkeeSeck-xs5yj
    @kokkeeSeck-xs5yj3 ай бұрын

    Clawing back subsidies literally mean zero subsidy. Is it not?

  • @woodmon122

    @woodmon122

    3 ай бұрын

    The subsidy is intended for you to buy a house to LIVE in. If you buy a BTO with 80k subsidy, the 80k subsidy will apply for the entire 99 year of your HDB ownership. The subsidy is only taken back when you sell the BTO. Because now you are trying to profit off of it. TLDR; the subsidy is given for you to afford housing, not for you to profit economically. So it makes complete sense

  • @kokkeeSeck-xs5yj

    @kokkeeSeck-xs5yj

    3 ай бұрын

    So the subsidy places a restraint on the flat owner. Such restrictions do not seem fair.

  • @woodmon122

    @woodmon122

    3 ай бұрын

    @@kokkeeSeck-xs5yj it's not a restraint. It's a targeted subsidy. It is targeted at making your first house affordable. Not to let you arbitrage to gain economical advantage

  • @kokkeeSeck-xs5yj
    @kokkeeSeck-xs5yj3 ай бұрын

    If the PAP is so concern of the future then they should consider reducing ministerial emoluments.

  • @kokkeeSeck-xs5yj
    @kokkeeSeck-xs5yj3 ай бұрын

    Where is there fairness in the marketplace?

  • @LonganLee
    @LonganLee3 ай бұрын

    Wow, Ah Wong is impressive. He answered the Jamus question of GST hike contribute to Inflation by saying its not permanent effect. At first my perception of what he said was he did not agree it contribute to inflation. But clearly listening again, its like he agree but appear not to agree. Champion among champions. 🏆🏆🏆🏆 Could it be he Admited that GST hike does contribute to Inflation but its not permanent? If so, he should have answered more clearly. To intelligent people like me, he would have scored higher points as i prepare to vote for him🤭 If it were me, heres how i would have answered Jamus : Yes, Jamu you are spot on! gst hike contributes to inflation. How much exactly, we need an independent audit. But this effect will not be permanent. (Does he mean prices will drop??🤭🤣🤣🤣🤣) Guys, get ready to vote PAP again. As if i need to ask

  • @johnlim1678
    @johnlim16783 ай бұрын

    More than 1 million foreign workers here in Singapore. Its good for you cotton and pineapple lovers. tsk tsk tsk

  • @kokkeeSeck-xs5yj
    @kokkeeSeck-xs5yj3 ай бұрын

    Relocating overseas no doubt will cause such workers to encounter difficulties initially but that is the norm.

  • @Humorousguy64
    @Humorousguy643 ай бұрын

    Low income and maybe average income work till die ....no chance to make life easier ...

  • @monteirorobin9482

    @monteirorobin9482

    3 ай бұрын

    Work harder than

  • @Humorousguy64

    @Humorousguy64

    3 ай бұрын

    Talk nonsense...im 61yrs ...already worked many years to raise my family ...still work harder for ? Can i still worker harder ?

  • @Humorousguy64

    @Humorousguy64

    3 ай бұрын

    Whats yr age ?

  • @kokkeeSeck-xs5yj
    @kokkeeSeck-xs5yj3 ай бұрын

    Of course other countries have made or announced projects to help its citizens in advance but they are quite confident that funds could be raised in due course

  • @kokkeeSeck-xs5yj
    @kokkeeSeck-xs5yj3 ай бұрын

    But we will not stop here. Why not bring Singapore Forward at one go instead of dragging it on?

  • @kokkeeSeck-xs5yj
    @kokkeeSeck-xs5yj3 ай бұрын

    We have not seen any of these Outcome Reports

  • @kokkeeSeck-xs5yj
    @kokkeeSeck-xs5yj3 ай бұрын

    Medishield was in the past for voluntary participation only but with compulsory participation in the scheme instituted, it could be seen our CPF balances are very much reduced in the long term. This is very much to the disadvantage of all CPF members except for a minority who could have some claims.

  • @user-xt5tx5yv9f
    @user-xt5tx5yv9f3 ай бұрын

    We jus need bto price to go lower than now which is the root cause..Handout & other assistant are a once off. And v important to remember that HDB are public housing so locations should not be taken into consideration as part of pricing. Thats why we have balloting. Same as school: u go to a good govt school , u pay same price.. U buy a better model car, u pay same coe.. Its all base on balloting. Also u go to a subsidise hospital and get to see a senior doc instead of a junior u are “lucky”.. Moe kindergardern also same price across the board. So why bto which is PUBLIC HOUSING is different?

  • @baoling2936
    @baoling29363 ай бұрын

    政府政府请想一下把工作放下然后去读书有家庭的家庭的开支政府给呀再加上现在又裁员😂

  • @AutonomousGroupEcoSystemLXD
    @AutonomousGroupEcoSystemLXD3 ай бұрын

    Budget is only 2024 you can't carry forward budget to 2025😊 Not sure what is budget low n Foreign talent related. Singapore should have more surplus 2024-2026.

  • @kokkeeSeck-xs5yj
    @kokkeeSeck-xs5yj3 ай бұрын

    Raising wages cost higher business cost and higher inflations. So the vicious cycle still continues despite enhancement in support which seems still insufficient

  • @kokkeeSeck-xs5yj
    @kokkeeSeck-xs5yj3 ай бұрын

    But what the Govt has failed to achieve is reducing cost instead of increasing cost in various ways.

  • @kokkeeSeck-xs5yj
    @kokkeeSeck-xs5yj3 ай бұрын

    For all Singaporeans is far harder to achieve than opportunities for some Singaporeans who are most likely able to achieve their aspirations.

  • @GASIA-cw8iw
    @GASIA-cw8iw3 ай бұрын

    How about Tin Pei Ling? What's the purpose of PAP to bring her into politics? In her many years in politics, did she deliver any trailblazing speech that has improved the situation for young Singaporeans, especially disadvantaged young Singaporeans? Job? Equality? Housing? Education? NS cost? Any? Ha ha ha!

  • @kokkeeSeck-xs5yj
    @kokkeeSeck-xs5yj3 ай бұрын

    Job seekers help is not in place especially for those with setbacks.

  • @kokkeeSeck-xs5yj
    @kokkeeSeck-xs5yj3 ай бұрын

    Many of the bigger businesses are owned whoĺely or majority owned by the govt, so helping these companies is in fact helping the govt itself.

  • @sgfuture7114
    @sgfuture71143 ай бұрын

    This year budget is totally low on budget.... 😊

  • @kokkeeSeck-xs5yj
    @kokkeeSeck-xs5yj3 ай бұрын

    To what extent the revenues spent on helping the MNE have resulted in higher returns?

  • @kokkeeSeck-xs5yj
    @kokkeeSeck-xs5yj3 ай бұрын

    Our HDB flats nearing 99 years will no doubt cause them to look like those in slum areas. Won't it?

  • @GooLid-eh4og

    @GooLid-eh4og

    3 ай бұрын

    Tiong Bahru slum ?

  • @mypetscatsandfishes4535
    @mypetscatsandfishes45353 ай бұрын

    If Singapore goes to War, Singaporean Men fight the war, foreigners flee. In Peacetime, jobs goes to LL FT, Singaporean mens jobless, delivery, taxi. We really daft.

  • @jlinsy

    @jlinsy

    3 ай бұрын

    One can argue that without foreigners and foreign interest in Singapore, our neighbours will be more emboldened to attack Singapore, knowing there is no big brother to support us and defend their own interest. Foreigners and foreign interest, in fact, keep Singapore safe and away from war.

  • @deschan2246

    @deschan2246

    3 ай бұрын

    Well said 👍

  • @deschan2246

    @deschan2246

    3 ай бұрын

    ​@@jlinsy when u ditch yr country?😂

  • @petrusromanus3790
    @petrusromanus37903 ай бұрын

    Budget has no long term solution to these period of high inflation and high interest rate where people struggled with high cost of living and business struggled with high business cost. Instead they increase cost to make life difficult for all.

  • @kmsoh5585
    @kmsoh55853 ай бұрын

    Has sharp mind and doesn't mince what he says😂

  • @whis5448
    @whis54483 ай бұрын

    Make short selling in SGX illegal to help protect retirees investments is a good start.

  • @BC-uf8he

    @BC-uf8he

    3 ай бұрын

    Never invest money that you can't afford to lose.

  • @philippelee5720

    @philippelee5720

    3 ай бұрын

    But a coin hv 2 side

  • @BC-uf8he

    @BC-uf8he

    3 ай бұрын

    @@philippelee5720 Aren't retirees should invest in NO RISK or LOW RISK product? Everyone should assess their risk appetite before making any investment.

  • @kokkeeSeck-xs5yj
    @kokkeeSeck-xs5yj3 ай бұрын

    Why compare productivity of local oriented companies against those in Swiss? How does that help?

  • @isaachung9382
    @isaachung93823 ай бұрын

    Just make sure no Singaporean are left behind,especially the vulnerable seniors and the jobless.

  • @monteirorobin9482

    @monteirorobin9482

    3 ай бұрын

    If you have been working hard when young don't worry this government can help

  • @Funnyandfunalways
    @Funnyandfunalways3 ай бұрын

    All this is bullshit, canada selling hagen daz icecream 5$ and for singapore $14 to $16. Keep saying we doesn't have resources canada also doesn't due to winter for more than 8- 9 months Per year Foreigners, due to more and more pr in singapore, are making the housing price increase. And a lot of company and a lot prefer hiring Malaysian than singaporean because they can maintain the wage rate rather than paying a singaporean is much higher. Foreigners earn more than a lot of singaporean. Why singaporean rather not take public transport not to salary is higher its because time is not enough work at the workplace go home also have to work they doesn't even have time for them. Which sleep isn't enough every early morning need to rush to work. Minister, how long didn't work in an mmc or smc. You ask us to learn skills, but the government focus on financial industry and other industry too much than technical industry. This government story telling super power 😅 cpf is a tax rather than force saving. Is singapore too focus on Gdp and foreigner than the benefits of singaporean. Singaporean work here earn here but can't run but singaporean no place to run only can stay here. Give skill future why don't focus more on kids package like alot of western country earn kids government give 300 to 800 per month till age of 18 and healthcare free. Western country tax 100k = 16% and with country benefit include pr but singapore 100k tax is like 7% to 9% but without any benefit. As long as a Chinese government they only think of $ than benefits towards the citizens. Haha housing in singapore is singaporean renting or owning it?? Do we singaporean able to pass the property to 3 generation? All are story telling disappointed

  • @monteirorobin9482

    @monteirorobin9482

    3 ай бұрын

    Than go back for your hagen daz in Canada 🇨🇦 you will feel better

  • @flowertowerrr

    @flowertowerrr

    3 ай бұрын

    Sounds great. Hope you are happy there. Please recommend me. I don't think Canada is 16% tax for 100k income tho

  • @kmsoh5585

    @kmsoh5585

    3 ай бұрын

    Yeah. Buzz off. You're no help at all.

  • @Funnyandfunalways

    @Funnyandfunalways

    3 ай бұрын

    That's why singaporean are sad to say too proud to accept facts and truth, and they never believe until they experience things in life. And this is a real fact that singaporean know singapore is safe they abuse the safety by using offensive words, "What can you do about it?" but in other countries, you give respect to earn respect. Try to use such words others in other country you may get gun shot. But in sg they know nothing will happen to them so they will you verbal and mentality abuse or even not respecting others. That's why working in sg not recommended look at them. Of course will go back goodluck spending 250k on a car than I only spend 50k on a car and a apartment that you don't own it than I am owning it . Truth always hurts but it's a in the whole world humans are the one that control the price of the market property or coe but not the government. No one buying no demand price drop see how China is doing now. Housing price dropping due to youngster give up on buying. Soon sg will happen to such situations. Good luck

  • @Funnyandfunalways

    @Funnyandfunalways

    3 ай бұрын

    @flowertowerrr you don't think, but that's the truth. 16% is tax, which is already including your income tax and 5% for your rssp, which you can withdraw out and take a lum sum out when you reach age 65. On top contribution of tax, you get benefit free health care and 1.7k per month of pension until you die. And this is not only for citizens. it also includes pr. Free school free school bus and give birth to kids 400 to 800 per mth for each kid until age 18. Singapore government is undenied rich, but they focus on investment towards infrastructure rather than health benefit. Keep saying the hospital is full ? Why not take the money to build more hospitals? See for yourself how many hospital there is only for 5.5mil people 20 polyclinics and gov hospital for major its only CGH/SGH/TTSH/SSH/KTPH/NUH/NTFH and 1 KK for womens and private hospital is 9. Private hospital more than government hospital? Isn't a direct sign of earning money? And why the government doesn't want to give people pension and free health care is because they want singaporean to keep working and spending money and earn money to contribute to cpf and increase gdp. So people can not even slow down their pace. Only work without work. You are dead and can't survive if only you are rich. And insurance coverage 1 time of each parts example I got heart failure and I claim once and I can't claim another time either they cancel your insurance or they reject coverage your heart but other parts yes. Then what's the point of getting and coverage? Not 100%, which 95% 5 % still have to pay cash. In the past, it was 100% coverage. If I am a Malaysian, I am sick. I go back malaysia, seek a doctor, I claim insurance, and free health care by paying 1$. So, as a singaporean, tell me the benefit of singaporean? Name out 5 what I can think its only 2 safety and passport others hmm all is pay and pay and you earn more yes you pay more. 10 years ago, your mom saving 50k is a good sum of money, but now ? Take a good look. Because what I defend my speech is by facts and realistic view towards what happen and no right no wrong. I don't hate them. You can't blame me for thinking like that because when my parents in the past own 30k hospital bill and I can't effort it seeking help with minister their answer to me is sell your parents house. I hope no singaporean will encounter such things that happen to me. Hope everyone is healthy and blessed. Because no one chooses to be sick.

  • @tonykwok9763
    @tonykwok97633 ай бұрын

    NOTHING🤣🤣🤣🤣🤣

  • @lamjianyuan

    @lamjianyuan

    2 ай бұрын

    Hi bro, you're so true. The pap only cares about their own white shirt kind and $1 million per year.

  • @karmanho5004
    @karmanho50043 ай бұрын

    Capable Singaporean should be Multinational board of executive member or go to other country to ensure Asia century will be reality. Therefore, go to China assist them to breakthrough technology barrier imposed by Western colonisation from the western colonisation country such as UK and USA.

  • @kokkeeSeck-xs5yj
    @kokkeeSeck-xs5yj3 ай бұрын

    Hope the Oppositions will take the pap challenge in the probably 2025 GE so that they could get the mandate of the peoples to use more than half of the national reserves incomes for current needs to help peoples overcome the critically high cost of living today.

  • @kokkeeSeck-xs5yj
    @kokkeeSeck-xs5yj3 ай бұрын

    There may be something for everyone but is that sufficient?

  • @kokkeeSeck-xs5yj
    @kokkeeSeck-xs5yj3 ай бұрын

    There is in fact nothing to be ashamed about when imitating the good practices of whoever be it locally or from other countries as spoken about by DPM.

  • @kokkeeSeck-xs5yj
    @kokkeeSeck-xs5yj3 ай бұрын

    The CPF pays more to those with lower balances is never heard of.

  • @LonganLee
    @LonganLee3 ай бұрын

    ASK A.I : "羊毛出在什么的身上?” A.I replies : "羊毛出在你身上”🤭🤭🤭🙏🏳️🏳️

  • @kokkeeSeck-xs5yj
    @kokkeeSeck-xs5yj3 ай бұрын

    I believe most businessmen are on the whole wealthy. So do businesses need so much help whereas seemingly individuals are getting far less.

  • @nyhrogernyhroger8754
    @nyhrogernyhroger87543 ай бұрын

    Lots of votes maybe lost cos of SA, good lucks singaporean n PAP😂😂😂

  • @oyu7505

    @oyu7505

    3 ай бұрын

    The PAP govt is not as silly as u r to scrap the SA

  • @nyhrogernyhroger8754

    @nyhrogernyhroger8754

    3 ай бұрын

    @@oyu7505 bcos you are nuts, if you are youngster than good for you, earn from RA only, money can not withdraw n i thinks u are rich types of self acting leoples, did not face hardship b4, peoples likes us over 60 still working for sirvival, u both as golden dpoon thats why, your parent can feeds you lar n you can bring along your money lor, nothing we can bring along k? Soul so ill, supports cos u are rich than go donates to charity lah..acting..🤣🤣🤣

  • @kokkeeSeck-xs5yj
    @kokkeeSeck-xs5yj3 ай бұрын

    Singaporeans have to work harder. That is quite ridiculous. Singaporeans are on the whole working hard.

  • @deschan2246
    @deschan22463 ай бұрын

    Gst 9% hike !!! DONT EVER FORGET WHO INTRODUCED IT and screw up Singaporeans life n High Cost Of Living

  • @GASIA-cw8iw
    @GASIA-cw8iw3 ай бұрын

    Banks grow at 25% per annum. While the GDP is struggling to grow 2% per annum. How did the struggling economy support the spectacular performance of the banks? Property prices and rents are record high, right? Public transport operators are making good money through fare hikes, right? NTUC and other supermarkets are laughing all the way to the banks, right? Then how come the GDP only managed to grow 1.2% in 2023? PAP has financialised Singapore's economy. A 3-bdrm 1000 sqft condo is selling at S$2 million now. The debt of the US government is US$34 trillion and growing. Do you know what will happen to Singapore when the next global financial crisis emerges? Can the US still continue to print money to boost its economy? Ha ha ha!

  • @kokkeeSeck-xs5yj
    @kokkeeSeck-xs5yj3 ай бұрын

    Adverse selection cause Minister to refrain from using insurance as a choice. Why not think of how to avoid adverse selections when insurance is opted?

  • @kokkeeSeck-xs5yj
    @kokkeeSeck-xs5yj3 ай бұрын

    Effecting change by copying from other countries and adapting it through discussions with tripartite group. Such simple?

  • @user-zd7qj1yb9d
    @user-zd7qj1yb9d3 ай бұрын

    But still his foreign talent explanation is bullshit.

  • @monteirorobin9482

    @monteirorobin9482

    3 ай бұрын

    Your's even bigger

  • @michaelshih8163
    @michaelshih81633 ай бұрын

    It is spectacle to us living in the West that a modern country can be governed by a clique of politicians accountable to no one. PAP has got to go.

  • @oyu7505

    @oyu7505

    3 ай бұрын

    Maybe it's better that u go than PAP go. PAP is serving the national interest, u r not

  • @michaelshih8163

    @michaelshih8163

    3 ай бұрын

    @@oyu7505 I have left. We lived in Singapore in 1996-2013. We gave up on Singapore, packed our bags and say adios (good bye). It was too expensive to live there, even then. Now I can't imagaine the suffering in Singapore from hyper inflation in everything.

  • @oyu7505

    @oyu7505

    3 ай бұрын

    @@michaelshih8163 don't mind my asking, r u happier elsewhere now?

  • @michaelshih8163

    @michaelshih8163

    3 ай бұрын

    @@oyu7505 Of course we are much happier. We own three cars, bought new, two of which are BMW's. We also own a large home in a suburb of Toronto, with 6,000 sf of living space. We shop at Costco, where prices are 1/3 what they are in Singapore.

  • @cymei60

    @cymei60

    3 ай бұрын

    U said u mvd n is living well. Hopefully wen u gave up on sg, u gave up ur sg citizenship too. Dun get urself twisted up with politics n policies dat dun affect u. Leave it to the real sgreans.

  • @kokkeeSeck-xs5yj
    @kokkeeSeck-xs5yj3 ай бұрын

    Fiscal fantasies really?

  • @kokkeeSeck-xs5yj
    @kokkeeSeck-xs5yj3 ай бұрын

    Singaporeans getting better in comparison to some other countries is irrelevant comparisons when done still is not sufficiently able to satisfactorily cushion the effects of the critically high cost of living.

  • @ashunknown9728
    @ashunknown97283 ай бұрын

    He is worst ever finance minister i ever seen

  • @monteirorobin9482

    @monteirorobin9482

    3 ай бұрын

    I think he's the best 👌

  • @kmsoh5585

    @kmsoh5585

    3 ай бұрын

    The best certainly. No doubts😅

  • @ashunknown9728

    @ashunknown9728

    3 ай бұрын

    @@monteirorobin9482 best in rising up gst and rising up the cost of living 😂 spending luxury money on F1 n iswaran caught on corruption and public distrust on how money is been spent . Since this guy comes in everything rise up and he never rise salary of common people rise take revenue alot and make people suffer and Singapore economy only govt are rich not all people . Tax rate rise in gst n other food prices can be controlled they doing something investment I guess so many people has voice out about cost of living crisis ..he simply worst finance minster ever

  • @ashunknown9728

    @ashunknown9728

    3 ай бұрын

    @@kmsoh5585 yea you are rich so he is best 😂 he Is worst finance minster in history of Singapore . Rise up tax without even caring Singaporeans doesn't have plan to control economic balance it lousy finances minister .. taking revenue alot tax people time 2 make people suffer economy way I mean common have you been to ground first of all .. don't blame inflation every country has done reduce the cost of living .. Singapore has best revenue here Lawrence wong increased it doesn't know how to control finance management n balanced it probably worst finance minster .. unfit to finance minister this kind guy becomes pm Singapore is done. Vote opposition. Probably he just collecting revenue to pay minister salary. Why pap never reduced minister salary n reduce it n use it reduce food prices why no Subsidy for local .. other nation has done subsidy with poor GDP why Singapore has best GDP one of the richest cannot don't tell me get voucher it's not subsidy it's just temporary money 400 - 800 not enough do you it's sustainable .. other countries subsidy lower cost so citizen has money to pay bills n also plan future over with Lawrence wong even ferlity rate goes 8 because too expensive ,he is worst to worst finance minister ever in history of Singapore #facts

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