The storm over adjustments to funding in schools
TODAY, 04.02.2014 Much have been said about funding to schools since the Straits Times reported about funding cuts for top independent schools last week. It turned out that the report had inaccuracies that MOE corrected, with more reports subsequently published in the Straits Times, in TODAY, on ChannelNewsAsia and elsewhere....
The problem with the Budget, Mr Finance Minister
Dear Tharman, 1) I find it remarkable that the entire $8b Pioneer Package can be single-handedly financed in just one single year (FY14) budget, without breaking a sweat. To put it in perspective, this $8bn is the estimated sum of the multi-year benefits to be provided to some 450,000 Singaporeans FOR THE REST OF THE LIFE....
Singapore’s creative Budget accounting (1)
The budget for F/Y 2014 has been published. At first glance, it shows a budget DEFICIT of $1.16 billion (0.3% of GDP). THIS IS BULLSHIT. If the budget complies with the standards of the International Monetary Fund it would show a SURPLUS of well over $10 billion (2.5% of GDP). One major item which was splashed all over the...
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