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S'poreans should be realistic about budget: DPM Teo
Posted: 12 February 2011 2030 hrs <LINK rel=image_src href="http://www.channelnewsasia.com/imagegallery/store/phpUooaKk.jpg">
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Teo Chee Hean</TD></TR><TR><TD> </TD><TD class=update> </TD></TR><TR><TD> </TD><TD><TABLE style="BACKGROUND-COLOR: #cccccc" border=0 cellSpacing=0 cellPadding=0 width=240><TBODY><TR><TD vAlign=top width="100%"><TABLE border=0 cellSpacing=1 cellPadding=0 width="100%"><TBODY><TR style="BACKGROUND-COLOR: #ffffff"><TD><TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR><TD class=topic vAlign=top align=left>Related News </TD></TR><TR><TD bgColor=#cccccc vAlign=top align=left>
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</TD><TD class=bodytext vAlign=top width="60%" align=left>S'poreans should be realistic about budget: DPM Teo</TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE></TD></TR><TR><TD vAlign=top background=images/dotline_240.gif align=left>
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SINGAPORE: Deputy Prime Minister and Defence Minister Teo Chee Hean said Singaporeans should be realistic in their expectations of the upcoming Budget.
His comments come ahead of Budget 2011, which will be delivered on February 18, where many people are expecting some form of handout from the government because the economy did well last year.
Mr Teo said the country still needs to keep a certain amount of reserves in case of rainy days and reminded Singaporeans that it was the reserves that helped Singapore come out of the recent financial crisis well.
"I think we need to keep our expectations realistic. This year the economy has done well...but it doesn't mean we will give everything away, it's not possible. We need to make sure we always put something aside, in readiness for any kinds of uncertainty that may come out in the future."
Mr Teo was speaking at a Lunar New Year celebration with residents at Pasir Ris on Saturday, where residents in Pasir Ris got a hong bao in the form of lift upgrading.
He said the lift upgrading programme will be carried out for four blocks in Pasir Ris. This will extend lift service to about 15 households at the top floor of each block.
This programme benefits relatively few residents, but it does not mean they have to pay more.
It will cost affected residents about S$3,000, which is comparable to other lift upgrading programmes.
Mr Teo said: "We have a height limit here because of Changi Airport, so the machinery room protrudes up from the roof. There's a limit on how far the lifts can go, but now you can have other kinds of lift designs which allow it to be possible."
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Posted: 12 February 2011 2030 hrs <LINK rel=image_src href="http://www.channelnewsasia.com/imagegallery/store/phpUooaKk.jpg">
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Teo Chee Hean</TD></TR><TR><TD> </TD><TD class=update> </TD></TR><TR><TD> </TD><TD><TABLE style="BACKGROUND-COLOR: #cccccc" border=0 cellSpacing=0 cellPadding=0 width=240><TBODY><TR><TD vAlign=top width="100%"><TABLE border=0 cellSpacing=1 cellPadding=0 width="100%"><TBODY><TR style="BACKGROUND-COLOR: #ffffff"><TD><TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR><TD class=topic vAlign=top align=left>Related News </TD></TR><TR><TD bgColor=#cccccc vAlign=top align=left>
</TD><TD class=bodytext vAlign=top width="60%" align=left>S'poreans should be realistic about budget: DPM Teo</TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE></TD></TR><TR><TD vAlign=top background=images/dotline_240.gif align=left>
Messenger</TD></TR><TR><TD colSpan=4><HR align=left color=#dddddd SIZE=1 width=510></TD></TR></TBODY></TABLE>SINGAPORE: Deputy Prime Minister and Defence Minister Teo Chee Hean said Singaporeans should be realistic in their expectations of the upcoming Budget.
His comments come ahead of Budget 2011, which will be delivered on February 18, where many people are expecting some form of handout from the government because the economy did well last year.
Mr Teo said the country still needs to keep a certain amount of reserves in case of rainy days and reminded Singaporeans that it was the reserves that helped Singapore come out of the recent financial crisis well.
"I think we need to keep our expectations realistic. This year the economy has done well...but it doesn't mean we will give everything away, it's not possible. We need to make sure we always put something aside, in readiness for any kinds of uncertainty that may come out in the future."
Mr Teo was speaking at a Lunar New Year celebration with residents at Pasir Ris on Saturday, where residents in Pasir Ris got a hong bao in the form of lift upgrading.
He said the lift upgrading programme will be carried out for four blocks in Pasir Ris. This will extend lift service to about 15 households at the top floor of each block.
This programme benefits relatively few residents, but it does not mean they have to pay more.
It will cost affected residents about S$3,000, which is comparable to other lift upgrading programmes.
Mr Teo said: "We have a height limit here because of Changi Airport, so the machinery room protrudes up from the roof. There's a limit on how far the lifts can go, but now you can have other kinds of lift designs which allow it to be possible."
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