A Tale of 2 Cities?

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 (S$28.2b) (20.2% of total expenditure)

Education HKD111.9b (S$19.4b) (13.9% of total expenditure)

https://www.budget.gov.hk/2022/eng/io.html

Singapore FY2022/2023FY2022 estimates

Social and Family Development S$3.9b (3.8% of total expenditure)

Health S$19.3b (18.8% of total expenditure)

Education S$13.6b (13.3% of total expenditure)

https://www.mof.gov.sg/……/revenue-and-expenditure……

 

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About the Author

Leong
Leong Sze Hian has served as the president of 4 professional bodies, honorary consul of 2 countries, an alumnus of Harvard University, authored 4 books, quoted over 1500 times in the media , has been a radio talkshow host, a newspaper daily columnist, Wharton Fellow, SEACeM Fellow, columnist for theonlinecitizen and Malaysiakini, executive producer of Ilo Ilo (40 international awards), Hotel Mumbai (associate producer), invited to speak more than 200 times in about 40 countries, CIFA advisory board member, founding advisor to the Financial Planning Associations of 2 countries. He has 3 Masters, 2 Bachelors degrees and 13 professional  qualifications.