Serious Singapore actually in deficit of $5.6 billion

[tomychua]

but all thanks to Government’s top-ups to funds and Net Investment Returns Contribution from past reserves ....

Do you know without Temasek and GIC contributing to the net investment return and Govt top-ups for our annual budget, we would be in deficit?

Without it, there wouldn't be enough money for all the funds, subsidies and rebates we are enjoying today!

Source: http://www.singaporebudget.gov.sg/budget_2017/budgetspeech/pf.aspx#s2

 

[frenchbriefs]

Bot is back.

U are actually happy about that?After all the taxes and ERP and GST and coe and tariffs and zero welfare,the government is actually in deficit.shows the government budget is out of control and bloated.

 

[The_Hypocrite]

The deficit could be a red herring. Alot of income the gahmen don't recognise as revenue. I think SLA taxes r excluded..Also land sales tat is y HDB always register as deficit.. Even though it's pap cash cow. Just my 2 cents

 

[batman1]

No doubt,PAP is a blood-sucking govt.When they increase water taxes,u know something is wrong.
Of course deficit lah,each minister's salaries few million per annum ,how not to go bankrupt ?
KNNPCB to greedy and corrupt PAP !!!!!!!!!!

 

[frenchbriefs]

Also the government has always boasted about a surplus of 5 to 15% every year,how come last year run into deficit?

 

[face the facts]

No doubt,PAP is a blood-sucking govt.When they increase water taxes,u know something is wrong.
Of course deficit lah,each minister's salaries few million per annum ,how not to go bankrupt ?
KNNPCB to greedy and corrupt PAP !!!!!!!!!!

i am surprised people even bother to read the news anymore,
fucking load of propaganda crap,
sometimes deficit, sometimes surplus…. report as and when the situation suits the pap,

anyone with any common sense will know that the CPF is kaput and they are desperate to patch it up with all this cost of living increases…

God bless those local Singaporeans (those with balls and common sense)

 

[CABcommander]

like how hdb is running at billions of deficit annually despite selling btos @ 700k for areas like clementi?

 

[virus]

Make Singapore deficit great again will there b a fire salefor istana or oxlee road bankruptcy?

 

[shittypore]

Can we trust HSK, believe him?

 

[Satyr]

Bot is back.

U are actually happy about that?After all the taxes and ERP and GST and coe and tariffs and zero welfare,the government is actually in deficit.shows the government budget is out of control and bloated.

The PAP will kill you before it goes into deficit. Creative accounting is alive and well.

 

[scroobal]

Yes, you summed it up well.

The PAP will kill you before it goes into deficit. Creative accounting is alive and well.

 

[theblackhole]

trust our government
trust mr heng
he is a miracle
Singapore is a miracle
we should all thank him and bless him wansweewansweewanwanswee

Singapore is going to be the world's greatest city
thanks to our great governance and our mr heng !!!