Not a 'Robin Hood' Budget 2023, but bigger fight needed against inequality or '2 Singapores' could emerge: Pritam Singh
as a “Robin Hood budget”, as some have done, reinforces a perception of two Singapores — the wealthy on one side, and the lower and middle-class on the other — which is inaccurate, Leader of the Opposition Pritam Singh said on Wednesday .
Noting that the Budget includes measures that “better equalise opportunities through fiscal intervention” — such as raising taxes and duties for high-end property and luxury vehicles — Mr Singh said the party supported the Budget. He also called for the Government to share more details about the Industry Transformation Map’s success, and asked for more details about how the effectiveness of the Jobs-Skills Integrators would be measured., Mr Singh said he hopes small- and medium-sized enterprises would make adjustments to accommodate male employees taking paternity leave, and called for employers to hire mature workers with a view to making up for the temporary absence of younger staff.
One of the Budget’s moves will be to help middle-income Singaporeans save more for their retirement by increasing the Central Provident Fund However, Mr Singh said it would be more appropriate for the Government to also reconsider adjusting the percentage of funds credited into the three CPF accounts, with a higher proportion allocated to the Special Account — which is meant for retirement and investments.
Mr Singh specified that he hoped for the rationale behind the “market discount of up to 15 per cent of land allocated for Government Land Sales and Industrial Government Land Sales, and the sale of some private land even below this market price threshold” to be shared.
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