“GST, to which everyone contributes, and CPF accounts and public healthcare, from which all S’poreans benefit”
https://www.facebook.com/laoliang/posts/pfbid02mdig8ygoj8vhYHg2JeZePJ6uvGBge3DquBnYcUusFsQd2nQanE3Y733Ktjrky7Cfl
Budget
Budget 2023: Collect more, spend less, hoard more?
Some other “perspectives” of the GST hike? 12x to 73x of the revenue?
“Budget 2023 to address cost-of-living concerns of S’poreans: DPM Wong” (ST, Jan 7) 12x the 2% GST increase revenue estimated at $3.5b ($44 divided by…
Is there any country in the world that increased fuel duties, transport fares, property tax (twice), polyclinic fees, LTA fees, ERP, and now has also increased GST? – During the pandemic & high inflation?
Comments: Let the numbers do the talking? Fiscal balance of $44b (est.) last 2 decades (“average fiscal balance a year of” $2.2 billion x 20…
A Tale of 2 Cities?
Hong Kong S$20.8b Social Welfare Singapore S$3.9b Social and Family Development Hong Kong Budget 2022-23 Social Welfare HKD120b (S$20.8b) (14.9% of total expenditure) Health HKD162.8b…
Is there any country in the world that increased fuel duties, transport fares, HDB property tax, and now will also increase GST & property tax again?
Is there any country in the world that increased fuel duties, transport fares, HDB property tax, and now will also increase GST & property tax…
“ILO standards” given as reason why can’t breakdown into S’poreans & foreigners – So, googled “Singapore ILO”
https://www.facebook.com/laoliang/posts/pfbid0nQLCcCFwWwBawzyK3TJw2aby5kw5FcPgpfPjhY2tsaNYToAVHEEbMDG2HzAi5FZZl
Official Foreign Reserves $388b (US$282b Oct 2022)+ Temasek $403b (Mar 2022)+ GIC $1,046b (US$744b est.) = $1.84t (est.)
https://www.facebook.com/laoliang/posts/pfbid0Exr9JqcPVYHLWQi1GfcXWtPkAQV8CfwYgsibum9YVLAhyp3S75GFz7vCGEL3Uz37l
Breaking news: President briefed on “expected real rates of return”, “methodologies adopted to derive projections”, “assumptions used”, “net assets invested after deducting liabilities”, “thorough and independent assessment of the assumptions and methodologies”, “historical average rates of return from the past 20 years”
https://www.facebook.com/laoliang/posts/pfbid02yyyDLjW2gZvSZkGmLanKbhka4TatoEL7ouEDsVjd2957whZn3D1NW5kKg1upwyN4l
“Fiscal balance” “over the last 2 decades” $44b (est.)
https://www.facebook.com/laoliang/posts/pfbid0BsJYVmi6YFXLABB1fcg59vcLGVhQvYBF1k3zawxbcg6SL6jM5Tc8nH23WMVcbHb7l