The Enormous True Size of the Reserves
During the Budget Debate on Friday 26 February Heng was asked about using the proceeds from land sales in the Budget. His answer was deliberately disingenuous: “The current approach of spending the land sales proceeds through the NIRC (Net Investment Returns Contribution) avoids these pitfalls, and allows the Government to...
Budget 2021
Inadequate Stimulus in FY2020 In my last blog post, written just before the Budget presentation, I pointed out that the economy had suffered as a result of the Government’s failure to provide enough stimulus. Finance Minister Heng had claimed to have spent almost $100 billion on help to Singaporean households and companies....
The relevence of Community Development Councils ( CDCs)
Denise Phua Personally, I am very glad that issues about the relevence of Community Development Councils ( CDCs) and the ridiculousness level of mayors' salaries etc got an airing in Parliament yesterday. I believe that I am not alone. Few points. I have read carefully Denise Phua's (DP) response to what Pritam Singh raised...
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