Where is the wow factor?
We have this extraordinary budget, marked by the first time that we have to dip into the reserves. Wow? Where is the wow factor? Why don't people get this feeling but feeling ordinary? $2.6b for family and $4.4b for homes. These together add up to $7b. Quite a substantial sum. If only they be given to the less than 1 million Singaporean households directly with each household getting $7,000, would it be more meaningful in times like this? And confining it to citizens only, the number of households could be just 500,000 and each household can receive $14,000 each. This will be the kind of angpow that will give the wow in the budget. The amount of effort put into dividing this sum under the budget is great and complicated. The amount given is so diversified that it would not create any ripple effect on the recipients. It is extraordinary to hand out such a big budget but not getting the feeling that it is a great relief from the people.