Saturday 28 February 2015

[Straits Times] Govt has means to fund extra expenditure

THE quarterly cash handout for Singaporeans aged 65 and above would certainly provide some form of assurance for the needy elderly in coping with the rising cost of living, especially in food, health care and transport ("Cash payouts for the poorest elderly"; Tuesday).

Some seniors may not have adequate family support or any work pension, while housewives who have never earned any income in their younger days may have little or no savings at all, and little, if any, Central Provident Fund savings.

While this new scheme seems to be a form of "state welfare" for elderly citizens, I believe it will not hurt our economy as our Government will have the necessary means to fund the extra expenditure ("Silver Support Scheme: Is permanent feature sustainable?" by Ms Alice Chong Chui Ping; yesterday).

Muhammad Dzul Azhan Haji Sahban