Ministers huat ah, at your expense

[Confuseous]

BOLSTERED by higher revenue from stamp duty collections and vehicle-quota premiums, Singapore's overall budget surplus for FY2012 has been revised to $3.86 billion, about three times the earlier estimate of $1.27 billion.

The stronger surplus was boosted by higher-than-expected collections from sky-high certificate of entitlement (COE) premiums and from stamp duty, which came on the back of a robust property market.

Revenue from vehicle quota premiums is expected at $2.8 billion in FY12, more than the $2 billion estimate, while revenue from stamp duty is revised to $4.2 billion, nearly 70 per cent higher than estimated.

Meanwhile, revenue from other taxes are now expected to come in at $4.3 billion, 10.7 per cent higher than the budgeted estimate, largely due to higher collections from foreign worker levies.

Now you know why the govt is not really pushing for lower COEs, lower property prices, fewer FTs. It is not in their KPI/Bonus self-interest.

 

[Travellor]

This is fucking ridiculous....

with that obscene amount of surplus the govt has done very little relative to the phenomenal amounts of money extracted from the people

 

[blissquek]

This is fucking ridiculous....

with that obscene amount of surplus the govt has done very little relative to the phenomenal amounts of money extracted from the people

The govt is siphoning lots of money from the population and in turn give pittance back ...and make us slaves to their policieis...

Huge COE premium collected and when the bus strike incident happened ,our Transport minister can stupidly says that if bus-fare is increased to pay for the drivers salary, this problem of underpaying their driver would not occur...how daft can a minister be..???

Even talent-wise..they just grab and leave the private sector fending for itself.On top of it...they also take away our freedom, happiness..and hence we are voted the least happy people on earth..

In short, the govt just overwhelmed us....