Government will act if cost pressure worsens, says Finance Minister Lawrence Wong

SINGAPORE: The Government will take further action to protect jobs and help Singaporeans deal with increased costs, if the external situation worsens, said Finance Minister Lawrence Wong on Wednesday in the Budget 2022 round-up speech.

Singapore is thus enhancing the resilience of its energy supplies, taking steps to moderate the effect of higher inflation and has introduced measures in the Budget to help households and businesses. “We have monetary policy to deal with inflation, we are able to do take a series of actions to better secure our energy supplies. And thirdly, we can help households and businesses directly - we have the resources to do so,” said Mr Wong.COST PRESSURES FOR BUSINESSES

The concerns of local businesses are why these changes have been announced ahead of time, but will happen stepwise over the next few years, said Mr Wong. Keeping the cost of employing foreigners low will mean depressing the wages of local workers over time, he pointed out.

Always reactive.not good

Watch out for profiteering.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Watch live: Finance Minister Lawrence Wong delivers Budget round-up speech
출처: straits_times - 🏆 5. / 69 더 많은 것을 읽으십시오 »

Japan Finance Minister says G7 agreed on need for coordinated sanctions against RussiaTOKYO : Financial leaders from the Group of Seven economies agreed on Tuesday that coordinated implementation of sanctions against Russia was vital to secure their effectiveness, Japanese Finance Minister Shunichi Suzuki said.Suzuki told reporters after attending the G7 finance chiefs gathering online tha
출처: ChannelNewsAsia - 🏆 6. / 66 더 많은 것을 읽으십시오 »