>> ASIAONE / NEWS / ASIAONE NEWS / SINGAPORE / STORY
Sun, Nov 09, 2008
The Straits Times
Accept sacrifices, cutbacks

THE Government will ensure no Singaporean falls below the poverty line as a result of the financial crisis but it cannot restore people's living standards to what they were pre-crisis.

Minister Mentor Lee Kuan Yew gave this assurance today, as he promised measures in next year's Budget to buffer lower-income earners and those without jobs from the impact of higher prices of food and other goods.

He did not provide details but said the Government would need to make a realistic assessment of how much it could afford to give out in additional utilities rebates, Workfare income supplements and other alleviating measures.

 

 

 

 

 

 

 

 


For more The Straits Times stories, click here.

 

READERS' POSTINGS
"This is great to keep overseas Singaporeans connected to home news and affairs"

"My favourite was "The Aftermath for Malaysia Election" - (in my opinion), this was a very well crafted world standard image, it is even suitable for a Time magazine cover!"
Read more

 

 
STORY INDEX
 
  Buddhist Free Clinic turns 39
   
 
  Speech by Mr Tharman Shanmugaratnam, Minister for Finance, at inauguration of the Ee Hoe Hean Building and the opening of the Pioneers' Memorial Hall
   
 
  Accept sacrifices, cutbacks
   
 
  Govt to help businesses
   
 
  SIA, pilots sign new benefits
   
 
  Students' indecent attire can tarnish school's image
   
 
  KL, Singapore to counter financial crisis
   
 
  Phone line cut off because he is 'dead'
   
 
  No minority S'pore PM yet
   
 
  S'pore, M'sia must cooperate
   
>> RELATED STORY
Accept sacrifices, cutbacks
S'pore, Kuwait ink open skies agreement
S'pore will see more political openness: PM
Time for graciousness campaign and kids' lessons on social graces
Kanye the Nice Guy

Elsewhere in AsiaOne...

Investor Relations: Full-year profit for 79 companies up 29%

Wine,Dine&Unwind: Smith Street Food Complex reopens after two years

Travel: Go on, take a staycation

Health: The art of eight limbs

Motoring: Don't let road bullies force you to speed

Digital: Leading 3D software provider picks S'pore as regional HQ

Business: Singapore firms ahead in keeping foreign talent on local terms: PwC

Just Women: Jacqueline Law has hush-hush wedding

Multimedia: Better local searches

 

We welcome contributions, comments and tips.
a1admin@sph.com.sg