Budget 2021 debate: Leong Mun Wai on securing financial stability for Singaporeans

Singapore should implement a living wage of S$1,500 take-home pay for all local workers and impose a S$1,200 monthly levy on Employment Pass holders. In making these recommendations in Parliament on Wednesday (Feb 25), NCMP Leong Mun Wai said that the aim was to build a secure foundation of financial stability and social dignity for Singaporeans. To reach that goal, he also proposed that the Government pay for all MediShield Life and CareShield insurance premiums. The three recommendations work out to a net additional spending of S$1.5 billion, he said.