I believe in the next few policies changes will be ; tightening of more government taxes.
GST 7% will not be cut. Dispite of resentment on the ground.
Consumers will cut spending to screw the government's plans, but government will come up with some solution to increase taxes because government offices are getting top-heavy yet again.
The problem is that government offices are top heavy because they have hired too many people, and have given high pay hikes for themselves and their sycophants. This has made government operations extremely expensive, and has taxed society to no end.
For such a small country, we don't need a city-state government that runs on a budget that is like, probably one tenth of what the whole Australian federal government spends for itself.
Eventually the government cannot hire so many civil servants. Yes it does reduce the unemployment rate, but if the private sector is dominated by GLCs, this means that SMEs cannot hire people, and the non-government business fraction becomes extremely lightweight and ineffective.
The government has to reduce the amount of people they are hiring for political reasons; liberalise the private sector bit by bit, so that they can hire more people, balancing both sectors; re-instilling common sense regulations for common sense purposes in businesses, government monopolies; and de-politicise the judiciary, police and army.
Then we will be trim enough again to take on the world we now live in, and the future which we and future generations will live in. Now our government is full of lard and is refusing to exercise, despite knowing we are a heart attack away from being almost dead.