Serious Bro Lawrence Praying That Madam President Will Approve PAP Spending Limit To Help Sinkies!

[JohnTan]

Today, I met with Minister Lawrence Wong and his officials from MOF for the annual meeting to discuss the Government’s spending limit under the Net Investment Returns framework. Senior representatives from GIC, MAS and Temasek were also present.

A key parameter in the planning of our national Budget is the expected long term real rates of return (ELTRROR) on our investment assets. The ELTRROR is used to determine the amount of reserves that the Government can spend in the coming fiscal year.

Similar to previous years, we discussed the global economic outlook, methodologies and basis on which the projections were derived and certified by the respective Boards. But this year, we also paid greater attention to the long-term effects of COVID-19 and climate change on our investments, and how they would impact the derivation of the ELTRROR. I am satisfied that our agencies are looking closely into these issues.

I have referred the proposal to the CPA for its advice, and will give my response to the Government thereafter. With my concurrence, the Government can subsequently apply these rates to its relevant assets, to derive the Net Investment Return Contribution for use in Budget 2022.

MCI Photo by Ngau Kai Yan

 

[congo9]

It should had been like this.

 

[red amoeba]

What is the wayang about ? Has she differentiated between credit and debit?

 

[laksaboy]

LOL what stupid wayang. The decision was already made. The tudung cunt just need to follow the script.

 

[sweetiepie]

LOL what stupid wayang. The decision was already made. The tudung cunt just need to follow the script.

Imuho they are verlee stupid to always expose the approved script KNN 演戏 have to 演全套 KNN sometime just ask tudung cunt to leeject leequest mah KNN

 

[millim6868]

CB ,all wayang,all the useless clowns

 

[SinghSons]

D E P E C H E M O D E - Puppets​

 

[Confuseous]

The template for scripts in such situation has not changed.
They did not receive the memo. Just running down the
clock to end of presidency and live happily ever after -
with a book to be written on her achievements while in office.

 

[bobby]

 

[Loofydralb]

Chop my cock if she refuses to sign.
This makcik masquerading as mamak sure makes bollywood proud

 

[face the facts]

LOL what stupid wayang. The decision was already made. The tudung cunt just need to follow the script.

in spore, all these fucking 'press conferences' are waste of public funds and time, they always do what they like eventually, so talk so much for fuck,? its just to convince and con the 61%

 

[po2wq]

Bro Lawrence Praying That Madam President Will Approve PAP Spending Limit To Help Sinkies! ...​

u wanna challenge her 2 disapprove? ...

 

[JohnTan]

u wanna challenge her 2 disapprove? ...

Madam President and her Council of Advisers are all not PAP cadres. So the Advisers are not obliged to approve the Government's spending limit just because the Government is formed by the PAP.

 

[syed putra]

She should have thrown the budget back and ask for higher allocation.

 

[JohnTan]

She should have thrown the budget back and ask for higher allocation.

PAP has planned a good budget. Best to not burst the budget and empty the reserves like what oppies always wanted to do.

 

[mojito]

Will he inherit the nick name stingy from bro Heng?

 

[rocket]

Only if Dr Tan Cheng Bock is president

 

[Confuseous]

Good old fashion wayang show from the 1970s.

 

[Leckmichamarsch]

did she understand the numbers?