There won't be CB 2.0 in Sg regardless, do you agree?

[Johnrambo]

https://tinyurI.com/1mffs9je

 

[laksaboy]

People don't keep tabs on what the rubberstamp Parliament has been plotting?

https://www.straitstimes.com/singap...overnment-to-borrow-up-to-90-billion-for-long

A new Bill introduced on Monday (April 5) will pave the way for the Government to pay for major national infrastructure projects through borrowing, something that has not been done since the 1990s.

The proposed Significant Infrastructure Government Loan Act (Singa) will allow the Government to borrow up to $90 billion to pay for infrastructure that will last for at least 50 years. This means the cost will be spread out over many years, with each generation that benefits bearing part of it.

Said Deputy Prime Minister Heng Swee Keat in a Facebook post shortly after he tabled the draft law, which will be debated when Parliament sits next month: "Singa will allow the Government to borrow to finance nationally significant infrastructure that is critical for our long-term development.

Two takeaways:

1) The 'infrastructure' to be built will cost much less than $90 bil.
2) Your children and grandchildren are fucked.

 

[syed putra]

I think by now gomen can decide on the risks as they have sufficient data to come up with a plan.

 

[SalahParking]

garmen will not cb. they realize that covid was a global scam.

 

[congo9]

Singkie can't afford lock down.

 

[batman1]

Govt still got a lot of reserves. The reserves were accumulated by creative accounting.

 

[sweetiepie]

KNN my uncle think even if is cb 2.0 it will be a secret transition same like doscon red still at yellow aka pap style KNN

 

[glockman]

Yes, we can afford CB 2.0. Please!

Size and management of the reserves
The government has never revealed the actual amount in Singapore’s reserves for strategic reasons.9 For a rough idea of how much it could be, analysts often look at the amount of foreign reserves held by the MAS to maintain the stability of the Singapore dollar as well as the assets managed by GIC and Temasek.10 According to a report by the Ministry of Finance, Singapore’s official foreign reserves managed by the MAS totalled S$343 billion and Temasek’s portfolio was S$223 billion as at 31 March 2014, while GIC manages “well over US$100 billion”.

https://eresources.nlb.gov.sg/infopedia/articles/SIP_1487_2009-03-17.html

 

[ftan42]

all the effort of the 1st CB is wasted as now we are not only infected again but with a much stronger covid19 variant type