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Budget 2016 hits right priorities, but not seen to have much impact: Yougov poll
THE 2016 Singapore Budget addressed the right priorities but may not be very impactful, said respondents to a Yougov poll.
All but one of the initiatives announced in the Budget on March 24 scored higher than 3.0 on a scale of one to five, where one was a wrong priority and five was a high priority, according to Yougov, which surveyed 984 Singaporeans just after the Budget was announced.
The Silver Support and the Workfare Income Supplement schemes earned the highest priority scores of 3.96. The only initiative to earn a priority score below 3.0 was the National Outdoor Education Masterplan, which was graded 2.79.
Almost half, or 49 per cent, said that the Budget was "fair", compared to one in five who said it was not.
But 57 per cent did not expect the Budget to make much of a difference to themselves or their families over the next 12 months. Only about 20 per cent thought that the Budget would leave themselves or their families better off.
More than 40 per cent of respondents did not think that the Budget would make much of a difference to the country as a whole over the next year, compared to 32 per cent who thought that the country would be better off and 11 per cent who thought that the country would be worse off.
Looking at the current economy, 32 per cent said the economy was either "very good" or "quite good", compared to 25 per cent who said it was either "very bad" or "quite bad". About 40 per cent said the current economy was neither good nor bad.
About one-third, or 33 per cent, of respondents said the economy was getting worse, while 32 per cent said they did not see signs of an economic recovery. Those who said the economy was starting to recover represented 13 per cent of respondents, while 10 per cent said the economy was on its way to recovery.
Read BT's coverage of the 2016 Budget here.