Saturday, September 8, 2007

Again a deficit budget

Quoted by many to be a compassionate budget that is good for all.

It is filled with goodies for everyone and adequate sweetness for business.

Unless you have zero income, otherwise Budget 2008 will surely sweeten you up in one way or another. Even if you have no fixed income, under the budget, the Government has allocated a fund to provide guarantees to the banks to enable you to take up mortage loan to own your dream house.

As expected, our Government is still far from being able to balance the budget. With deficit projected at 3.1%, comparatively better off than last year's, Budget 2008 is expansionary in nature.

In short, our Government's spending shall continue to be the locomotive of our growth next year.

The picture shows The Star with extensive coverage of the budget.

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