Written by Ibrahim Hasan
One of the best descriptions comes from none other than the man who read out the budget speech, the Finance Minister, Mr Tharman Shanmugaratnam. Budget 2011, which is one of the most generous in recent years, has been called an ‘Election Budget,’ by quite a few people. However, as Mr Tharman rightfully says, “It is rare for governments, on the eve or during an election year, to be putting aside money, first to pay back past reserves; second, putting it for results that will only show up five, 10, 15 years from now, and in some cases, even further down the road. – So if it is an election budget, it is because it is a Budget of a government that is thinking in the long-term interests of its people. And that is the flag we are nailing to our mast.”