Budget 2008

The Singapore Budget 2008 announced on 15 Feb 2008 has the following impacts on me

1. Tax Relief
A one-off 20% tax rebate for all resident tax-payers capped at $2000.

2. Growth Dividend
see link below on growth dividend.

Singapore Budget 2008


Notes from BT, 16-17 Feb 2008

Had the MAS not allowed the Singa dollar to appreciate over the past 2 years, the inflation rate in Q4 2007 would have averaged 6.5 per cent instead of 4.1 per cent, he disclosed.
Still, there is a limit to how fast the Singaproe dollar can appreciate without hurting our economic performance and growth, and eventually causing wages to fall.

An overly strong Singapore dollar can bring inflation down, but at the cost of lower growth and higher unemployment.