The strange case of the missing $18b in ‘Contingencies Funds’
In this article in May, I pointed out that $18bn was in “Contingencies Funds” in the then latest “Fortitude Budget”. So when I first heard about the latest $8bn in corporate welfare (OK, OK there’s trickle down to the plebs), I tot “Only $5bn left leh”. But then I learnt Fresh S$8b Covid-19 measures funded in...
A Singaporean Core?
As usual a laughable phrase coined by the PAP to beguile Singaporeans. You don’t have a Singapore Core when 57% of senior management positions in the banking industry are held by foreigners! That is why I say we have a government of spin and fluff! Nice sounding phrases and words, such as “no one left behind”and a “Singapore...
Govt not dipping further into our national reserves to fund its 5th $8 billion supplementary budget
I applaud the government for not dipping further into our national reserves to fund its 5th $8 billion supplementary budget. It was reported that civil servants will not be getting their mid year bonus and its super scale grade public officers will take a one time pay cut of either 0.5 month or 1month. Having the discipline...
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