Adapted from MyPaper/AsiaOne, 20 Feb 2012
Middle-income earners in Singapore may not have been the target group whose needs the Government seemed most concerned about in this year’s Budget.
But analysts say that they still stand to reap benefits from what is being disbursed. This is because their key concerns – which typically revolve around their ability to provide health care for their elderly parents and for their children’s educational needs – have been dealt with indirectly.
The Government had already extended subsidies significantly for preschool children. Last year, it raised the income ceiling for families who could claim the payments from $1,800 to $3,500. This year, it will go further by introducing a new per-capita- household-income criterion for subsidies.
Link to full story: http://business.asiaone.com/Business/News/Story/A1Story20120220-328929.html