Higher GIC returns again, but more taken from CPF
The scrooges in the government must be smiling over GIC’s 2015 Annual Report even if most of the improvements did not seem to derive from improved investment performance. The higher returns mean more money for fancy jet-fighters, ministers’ bonuses, vanity projects and at the bottom in the order of priorities the odd crumbs...
Responding to questions on Singaporean finances
Dr Christopher Balding I was sent a couple of emails by people asking me to clarify some issues. I have tried to directly address these issues and answer bigger questions from the Singapore government website “Factually”. If there are other questions, I am more than happy to try and respond as I release information. What...
The largest financial discrepancies in history ever!
Dr Christopher Balding Singapore public finances contain the largest unexplained financial discrepancies in human history. That may sound like a grandiose rhetorical bombast, but it is a completely and entirely accurate description of existing data. Using nothing more complex than addition, subtraction, compounding interest,...
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