MP For Ang Mo Kio GRC Inderjit Singh criticised the budget for ignoring the costs faced by companies but acknowledged its efforts to focus more on social needs.
He said that currently, Singapore is at a "critical stage" and business costs have a huge impact on the future of our economy.
He explained that this is a very important issue and it has an impact on our future viability.
"The reality is that cost and cash flow are bigger problems in our business landscape than some of us may imagine to be." he said.
He said that businesses are facing a lot of issues right now due to high rentals, costly utilities and a manpower crunch.
He said that the Budget has not done anything to address these issues.