Singfirst sent this to all MPs prior to the budget statement in Parliament today:
Dear Members of Parliament,
While you await the Finance Minister’s Budget Speech, may we respectfully draw your attention to SingFirst’s Social Safety Net package for Singapore. It costs $6 billion a year and can be funded by the returns on our investment of national assets. The capital sum is not touched, so our reserves are not “raided”.
Details are available on SingFirst’s website www.singfirst.org.
For your easy reference, we append our 3 summary slides below:
How we propose to use the Net Investment Return Contribution (NIRC):
Our Social Safety Net Benefits to Singaporeans:
How our Social Safety Net will help the Singaporean family: