ComCare spending is less than 0.1% of GDP?

PICTURE: TNP FilePICTURE: TNP File

The plight of the low-income?

I refer to the article “Why low-income parents may make ‘poor choices’” (Straits Times, Mar 10, 2016).

We need to care more for the low-income?

It states that “As we gain awareness about inequality and poverty, how we look at problems has a real impact on the solutions we craft.

Better-off Singaporeans should care about low-income people because they are a part of our society.”

Govt needs to care more too?

By the same token, arguably, the Government also needs to care more about low-income people.

$9 per household per day assistance?

In this connection, ComCare gave $130 million of assistance to about 40,000 households in the last financial year.

This works out to only an average of about $271 ($130 million divided by 40,000 households divided by 12 months) per household per month, or about $9 per day ($271 divided by 30 days).

Less than 0.1% of GDP?

As out GDP is about $400 billion Р our ComCare spending is less than 0.1 per cent of GDP.

Lowest in the world?

Is this the lowest spending as a percentage of GDP of all the developing and developed countries in the world?

Less than 0.25% of govt expenditure?

With government operating expenditure in the Budget at about $56 billion – ComCare spending as a percentage of government operating expenditure is less than 0.25 per cent.

Leong Sze Hian

About the Author

Leong
Leong Sze Hian has served as 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), invited to speak more than 200 times in over 30 countries, CIFA advisory board member, founding advisor to the Financial Planning Associations of Indonesia and Brunei. He has 3 Masters, 2 Bachelors degrees and 13 professional  qualifications.