Family with 5 kids & household income of S$1.3k are happy with Budget 2011~ 18 Feb2011

How to survive in Singapore with just S$1.3k (US$1k)/ mth with a family of 7 (5 kids, 2 adults) & stay "happy"~!!

A case example of how Singapore Budget 2011 "benefit" the lower income~!

A study by CNA:

Most Singaporeans happy with Budget 2011

SINGAPORE: Singaporeans have welcomed the benefits contained in this year's Budget.

Finance Minister Tharman Shanmugaratnam on Friday unveiled a budget filled with handouts like Growth Dividends, income tax rebates, lower income taxes for middle—income wage earners, Special CPF Housing Grant for first—time purchase of a Build—to—Order flat as well as Medisave top—ups.

Most Singaporeans MediaCorp spoke to responded positively to the Budget, saying they would benefit one way or another.

But some expressed concerns over whether these goodies are enough for them to tackle the rising cost of living.

"Things are getting more expensive. For old people like me, we don't get any increment in our salary. In fact, they (employers) are reducing our salary," said 69—year—old Mr Lim, a retiree who is working full—time on a contract basis in the commerce industry.

Some Singaporeans said they had expected the Budget to contain goodies.

"It doesn't really surprise me, because this year could be the election year. So it could be an election budget," said 32—year—old Crystal Chin, a member of the public.

Another member of the public, Mr Kay P. Mock, said: "The government has a huge budget surplus, and I think it's about time that it shares some of the goodies with Singaporeans. Personally, personal income tax rebate is always good."

Welcoming the Growth Dividends to be given out, NSman Peh Yong Sheng, 21, said: "Can spend more, contribute to the economy."

Even the removal of the television and radio licence fees proved good news for some.

50—year—old Ananth Sankaran said: "I think it's good for the entertainment industry. I think it's also good for (TV) viewers."

— CNA/ir

Category:

News & Politics

Tags:

• budget
• 2011
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• bonus
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• Finance
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• Tharman
• Shanmugaratnam
• housing
• grant
• HDB
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• CNA

[Samngchaoyu]

if you have 1 children,earn 1300 a month dun even can afford a 5 room flat,the family have 5 children earn 1300 a month can can afford it.WTH?

[shedevil87]

@appletohsp i also wanna know..

[123456tw]

his head so damn shiny.cannot stop looking

[appletohsp]

Can someone tells me how the family of 7 with husband earning S$1.3K able to stay in a 5 room flat?

[wanbegok]

how much of a burden is relieved?

[Anologs]

My Pampers x)