This wage adjustment plan only benefits the low wage workers directly. However, even with the government’s funding, I think this will still fuel inflation. Government’s funding comes from taxes. I hope my income tax won’t increase. Budget 2025 generally aims to increase birth rates, help the economy remain relevant by helping relevant sectors, stimulates the economy by putting money in our pockets to spend. It is good that we get money from the government to boost the economy but in Singapore, there is saying that when the government gives a drum stic, it will get back a whole chicken from you. I hope I won’t be paying back with a chicken with higher taxes or greater inflation. As with most skeptic Singaporeans, budget is more generous because election is coming. We need to see what policies follow after the election..
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