Budget 2018: PAP tries to paint rosy picture of Singapore’s going-nowhere economy
Before Budget 2018 was announced, MSM had tried to paint a picture of “Singapore’s strengthening economy”. (Budget 2018: Economists expect bumper surplus for 2017) According to MSM’s sought-after economists like OCBC’s Selena Ling, she had expected an overall surplus of $5.41 billion for FY2017 due to our healthy...
MG Chan’s Words Not Only Insulted The Intelligence of Singaporeans But Were Deeply Worrying
Yesterday I wrote about how Chan Chun Sing had patronised Singaporeans by giving them the benefit of his Cambridge Economics education by explaining that if you spent a dollar from the reserves today then the next generation would not have a dollar plus whatever returns that dollar had earned available for spending (Shock! BG...
Reform of Public Finance direction
I would disagree with the Finance Minister that we should finance infrastructure spending with issuing Government bonds. There is no reason for a country to raise funds through bonds when it has excess money stuffed into the reserves via land sales revenue. Land sales is based on selling land with 99 years lease. Can putting...
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