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Coffeeshop Chit Chat - Govt REACH: Most SGs support Budget woh</TD><TD id=msgunetc noWrap align=right>
Subscribe </TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE border=0 cellSpacing=0 cellPadding=0><TBODY><TR class=msghead vAlign=top><TD class=msgF width="1%" noWrap align=right>From: </TD><TD class=msgFname width="68%" noWrap>kojakbt_89 <NOBR></NOBR> </TD><TD class=msgDate width="30%" noWrap align=right>8:57 am </TD></TR><TR class=msghead><TD class=msgT height=20 width="1%" noWrap align=right>To: </TD><TD class=msgTname width="68%" noWrap>ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (1 of 3) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft rowSpan=4 width="1%"> </TD><TD class=wintiny noWrap align=right>29139.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>Most S'poreans support broad thrust & objectives of Budget: REACH
Posted: 24 February 2010 2021 hrs
SINGAPORE: Most Singaporeans support the broad thrust and objectives of the Budget to raise productivity and grow globally-competitive companies to ensure sustainable economic growth.
This was based on the feedback received so far by the government feedback channel REACH since Monday when Finance Minister Tharman Shanmugaratnam unveiled the new Budget.
Chairman of REACH, Dr Amy Khor, said: "Most feedback contributors support the broad thrust of Budget 2010 ... I am indeed heartened that the government has seriously considered Singaporeans' feedback in the formulation of the Budget."
In a statement released on Wednesday, REACH said reactions were mixed as to how effective the measures will be.
It noted that the buzzword was "productivity", with the focus on measures such as innovation, funding and tax reliefs.
REACH said: "Some contributors opined that this year's Budget was better than last year's as it was more inclusive.
"They welcomed the move to provide higher income tax reliefs for dependent and handicapped dependents although they had hoped for greater assistance for young taxpayers through income tax reliefs for their dependent children."
But there were concerns with how the phased changes in foreign levies would affect small companies.
Others felt that the measures did not sufficiently address the needs of the average Singaporean and middle-income households.
REACH added: "A few contributors were, however, disappointed that there were no new incentives for individuals. Others felt that the government should have offered income tax rebates as many Singaporeans do not gain or benefit from any of the reliefs offered, such as the parent relief or spouse relief.
"Some contributors felt that there were also no explicit measures in place to support middle- and lower-income families with young children, and to encourage couples to have more children, especially in view of the ailing Total Fertility Rate. Others felt that housewives and singles had been left out."
REACH is on a two-week exercise to gather feedback, through its microsite that has seen "encouraging page views" of over 21,000 since Monday. It has also received more than 200 feedback inputs via the various engagement channels.
It expects more input to stream in as the ministries provide details on the Budget initiatives.
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Posted: 24 February 2010 2021 hrs
SINGAPORE: Most Singaporeans support the broad thrust and objectives of the Budget to raise productivity and grow globally-competitive companies to ensure sustainable economic growth.
This was based on the feedback received so far by the government feedback channel REACH since Monday when Finance Minister Tharman Shanmugaratnam unveiled the new Budget.
Chairman of REACH, Dr Amy Khor, said: "Most feedback contributors support the broad thrust of Budget 2010 ... I am indeed heartened that the government has seriously considered Singaporeans' feedback in the formulation of the Budget."
In a statement released on Wednesday, REACH said reactions were mixed as to how effective the measures will be.
It noted that the buzzword was "productivity", with the focus on measures such as innovation, funding and tax reliefs.
REACH said: "Some contributors opined that this year's Budget was better than last year's as it was more inclusive.
"They welcomed the move to provide higher income tax reliefs for dependent and handicapped dependents although they had hoped for greater assistance for young taxpayers through income tax reliefs for their dependent children."
But there were concerns with how the phased changes in foreign levies would affect small companies.
Others felt that the measures did not sufficiently address the needs of the average Singaporean and middle-income households.
REACH added: "A few contributors were, however, disappointed that there were no new incentives for individuals. Others felt that the government should have offered income tax rebates as many Singaporeans do not gain or benefit from any of the reliefs offered, such as the parent relief or spouse relief.
"Some contributors felt that there were also no explicit measures in place to support middle- and lower-income families with young children, and to encourage couples to have more children, especially in view of the ailing Total Fertility Rate. Others felt that housewives and singles had been left out."
REACH is on a two-week exercise to gather feedback, through its microsite that has seen "encouraging page views" of over 21,000 since Monday. It has also received more than 200 feedback inputs via the various engagement channels.
It expects more input to stream in as the ministries provide details on the Budget initiatives.
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