Singapore's new budget is offering 'something for everyone,' expert says [CNBC]
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Source: CNBC
Singapore's new budget is offering 'something for everyone,' expert says Global financial hub Singapore unveiled its 2019 budget on Monday, and it's offering "something for everyone," according to an expert from global accounting firm Deloitte. Speaking with CNBC's "Street Signs" on Tuesday, Rohan Solapurkar, a Deloitte tax partner, said the raft of measures announced by the government was largely expected, and it catered to all of the interest groups the ruling People's Action Party is trying to please. "There is something for everyone, and I think that's how the government wants to look at it, whether it is the younger generation or whether it is the older generation," Solapurkar said. Domestically, Singapore is concerned with an aging population. To award senior citizens born in the 1950s, Singapore's so-called Merdeka Generation, the government is offering a collection of wellness and health subsidies. The program is expected to cost 8 billion Singapore dollars ($5.9 billion) in t
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