Category Archives: Budget

Budget 2018: State investment returns now biggest contributor of government revenue, economy in trouble

Posted on February 21, 2018 by Phillip Ang

Budget 2018 and recent budgets confirm one thing: our economy is in trouble. In managing Singapore as a corporation, the PAP government should be able to generate revenue mostly from direct and indirect taxes.  Instead, it has been increasingly reliant … Continue reading →

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Budget 2018: Government needs to explain $7 billion ‘windfall’, economy in fact weak

Posted on February 20, 2018 by Phillip Ang

The PAP government owes Singaporeans an explanation as to how it ‘missed’ statutory boards’ contributions estimate by a mile last year. In Today’s “S’pore posts record S$9.6 billion budget surplus, thanks to ‘one-off’ factors“, the article briefly explained how PAP managed … Continue reading →

Posted in Budget | 4 Comments