Country with free healthcare, pension, no income tax

By Leong Sze Hian

I have just returned from a country which I have visited for about half a dozen times.

 

A country that has

  • Free healthcare – you just pay a nominal $1, no matter how serious or major your medical treatment or operation is.
  • Free pension from age 60 (they have a contribution pension plan from your salary, but the free pension from age 60 is given to all, on top of the contribution pension scheme).
  • Free education.
  • Education allowance for children from needy families.
  • Financial assistance monthly allowance for the needy.
  • Monthly allowance for orphans.
  • Monthly allowance for the disabled.
  • Free land to build your own house, or public housing from about $40,000 – interest-free home loans.
  • Free house repair to houses caused by fire, natural disaster, up to a certain sum.
  • No income tax.
  • Inflation -0.2 per cent (H1/2012).
  • Unemployment rate : 1.7 per cent (2012).
  • Population annual rate of increase : 1.6 per cent (2012).
  • Labour force participation rate : 66.6 per cent (2012).
  • Classified as a developed country.
  • Ranked 5th in the world by gross domestic product per capita at purchasing power parity.
  • Public debt at 0% of the national GDP.
  • In the 2010 Human Development Report released by UNDP, it scored an HD Index of 0.805 and thus is included. in the list of forty-two “Very High Development” countries.
  • Citizenship by birth only – foreigners and permanent residents cannot become citizens.

And this country is _______

 

References:

The country’s Key Indicators

International Monetary Fund (IMF)

Wikipedia

The following two tabs change content below.

Terry Xu

Terry Xu is the Interim Chief Editor of The Online Citizen, and also the rich media editor. He's an engineer by training, a photographer by interest and a reporter by passion.