Heng needs AI to help him in making Budget forecasts
Because if my favourite fortune-teller had made the Budget surplus prediction of S$1.91bn that Heng made in 2017, she would lose all credibility. The 2017 surplus is S$9.6bn: 5 times or 503% bigger than projected last year. This is a miss of S$7.7bn, or, as Chris K points out, nearly 1.8% of GDP. As usual the “blame” for...
Budget 2018: Government needs to explain $7 billion ‘windfall’, economy in fact weak
The PAP government owes Singaporeans an explanation as to how it ‘missed’ statutory boards’ contributions estimate by a mile last year. In Today’s “S’pore posts record S$9.6 billion budget surplus, thanks to ‘one-off’ factors“, the article briefly explained how PAP managed to generate the ‘unexpected’ gargantuan...
Budget 2018: Same Old Cliches As Heng Makes Your Money Vanish in the Uniquely Singaporean Version of the Shell Game
Budget time and my first thought was that I had stepped into a time machine and been transported back to last year’s Budget. In fact the same could be said about any of the Budgets over the last five years. The Government could save a lot of money by eliminating the need for a Finance Minister. Instead they could just replay...
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