Sir, I would like to make five recommendations for DPM's consideration to further improve the Budget provisions:
1. Make Special Employment Credit (SEC) PERMANENT for the Elderly and the Disabled
2. EXPAND the SEC to Cover More Persons with Disabilities (PWDs)
3. Strengthen Singapore's Progressive Nature of the Personal Income Taxation Structure
4. Review Budget Allocation, in particular, Defence
5. Establish an Agency to Focus and Nurture Local Small and Medium Enterprises
I would like to propose 2 ideas to fund the increasing social service expenditures. One, through personal income taxes payable by higher-income wage earners and two, through budget re-allocation, in particular, defence.
4. Review Budget Allocation, in particular, Defence Another suggestion I would like to propose to help fund future social needs is to review the traditional way the Budget is allocated
Sir, defence traditionally consumes the highest proportion of total Government expenditure each year. This year's allocation, for instance, represents 25% of total budget and even sees an increase of 4.3% from last year.
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