Following is an excerpt of some of the key points made by its leaders.
Mr Steve Chia Kiah Hong
- Government not clear and not transparent in budget revenue like land sales.
- Current government has enough surplus to fund this budget. President should not have approved drawing from past reserve.
- Job Credit, a job subsidy scheme, should have a wage ceiling of $3000 for Singaporeans and $2000 for non-Singaporeans.
- Need a retrenchment hardship allowance sheme for the unemployed in this economic downturn.
Mr Yip Yew Weng
- $10 billion of Resilience Package help companies and banks, only $2.6 billion additional support to Singaporean households.
- Employer may exploit Job Credit scheme, NSP proposes paying directly to CPF to prevent fraud.
- Not many benefit from personal income tax rebate.
- Giving tax breaks and rebates that may not see public transport fare reduced.
- Possibe off-budget measures in second half of the year.
Mr Sebastian Teo
- Further employer contribution to Skill Development Fund is not necessary.
- Government can afford both GST rebate and GST cut to stimulate economy
- Property tax rebate for industrial and commercial properties benefit GLC companies.
- Need scheme to help retrenched to pay for housing loan and cash problems.
Mr Goh Meng Seng
- Package not enough to re-ignite the system.
- Need to tackle unemployment problem.
- Need restore investors confidence and address minibond issue.
Photo from the gathering