Durable solution to cost pressures is steady, sustainable wage increases: PM Wong
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Singapore will increase its social spending across various programmes this year, with the bulk of the country's Budget – around 95% – going towards longer-term and structural measures. Prime Minister Lawrence Wong said these are durable solutions to help Singaporeans cope with rising cost pressures. He added that incomes have grown faster than inflation over the past decade, and households are spending less of their income on daily essentials even as prices have gone up. The only exception is
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