Singapore budget targets widening income gap ahead of polls

Forexyard, 18 Feb 2011
SINGAPORE, Feb 18 (Reuters) - Singapore unveiled a budget on Friday brimming with handouts for poorer citizens, with an eye on elections that are widely expected in the second quarter and the social impact of rapidly rising prices.
Measures for the upcoming financial year included a package of benefits for Singaporeans worth S$6.6 billion ($5.2 billion), as well as lower income taxes for middle-income wage earners, Finance Minister Tharman Shanmugaratnam told parliament in his budget speech. Full story

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