Some other “perspectives” of the GST hike? 12x to 73x of the revenue?

Other

“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 $3.5)

https://www.straitstimes.com/……/budget-2022……

– Fiscal balance of $44b (est.) last 2 decades (“average fiscal balance a year of” $2.2 billion x 20 years?)

https://www.straitstimes.com/…/pofma-correction-orders

48x the 2% GST increase revenue estimated at $3.5b

– $169.9b 2005 – 2021 Special Transfers, Top-ups To Endowment And Trust Funds

https://data.gov.sg/dat…/government-fiscal-position-annual

73x the 2% GST increase revenue estimated at $3.5b

– “Public Finance – Government Revenue and Expenditure – Government Finance Annual” – the Cash Surplus was $257.8b from 2005 to 2021

https://tablebuilder.singstat.gov.sg/table/TS/M130611

#SGIssuesThatMatter

 

https://www.facebook.com/laoliang/posts/pfbid036ArouaJPqbaSrB5YB5TsVR34nqixQU61SN7tXjyVTkhuhQUoiHX5rgznM9jPWQkjl

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.