Singapore taps into reserves for $20.5 billion economic stimulus plan.

[tom]

Singapore is going to spent a massive S$20.5 billion to help Singaporeans keep jobs and  companies stay afloat in today’s ECONOMIC DOWNTURN.

S$5.1 billion to help keep workers on the job.
 
S$5.8 billion to stimulate bank lending.

S$2.6 billion for various tax measures to improve cash flow.

S$2.6 billion to help households for tax rebates.
 
S$4.4 billion to advance infrastructure spending, healthcare and education.

Nobody knows when the economy will turn around, not even the States. But when it eventually turn around, someone will dig a big hole in our pockets.Singaporeans will have to put back money into the reserves again. Massive increases in ERPS, GSTS may jump 100 %, etc etc.....name what you think will go up mountain high ? 

[tom]

Calling it a major, carefully-thought out decision, our top gun said " the money was built up patiently over the years so that in the event of a crisis, like this current financial meltdown, a vigorous response could be mounted.

But he cautioned that when things returned to normal, the habit of putting something aside in the reserves whenever possible must resume.

  All Singaporeans already knew this will happen.

[pinkdolphin]

Calling it a major, carefully-thought out decision, our top gun said " the money was built up patiently over the years so that in the event of a crisis, like this current financial meltdown, a vigorous response could be mounted.

But he cautioned that when things returned to normal, the habit of putting something aside in the reserves whenever possible must resume.

  All Singaporeans already knew this will happen.

Everthing need a price. Be Happy ! Election coming also .........
This coming year ecomony may worst still ... Wish everyone Best Of Luck !

[pinkdolphin]

Hi Bosses ,

Do have a Golden heart , keep us during this time..
Long live the BOSS !