Category Archives: Budgets 2018, etc.

Budget 2024 – S$131.4 billion – was presented in Parliament on 16Feb2024; National Reserves S$1.73 trillions as at 31st March 2023; Budget 2022 presented on 18 Feb 2022; Budget 2021on 16Feb2021;

Posted on January 5, 2021 by tankoktim

. ====================. . National Reserves or Total Govt Assets: S$1.7 trillions.It is official.S$1 trillion is outdated. National Reserves or Total Govt Assets as at 31st March 2019: S$1.174 trillions. It was S$1.732 trillions as at 31st March 2023. Grown by … Continue reading →

Posted in 14th Parliament. GE 10Jul2020, Budgets 2018, etc., Business & Finance, Cost of Living & Retirement Adequacy, Economy; Perfect Economic Storm? When?, Government, Govt's Budget, GST, Politics, Social issues, Socialistic Policies, Taxation | Leave a comment

Mr Lawrence Wong has been appointed PM on 15th May 2024, the 4G leader; PM Lee has stepped down as pm; GE2024 in June or August 2024? GE on 10th July 2020 – held during COVID-19 Pandemic; DPM Heng stepped aside on 8th April 2021 as the 4G leader; Cabinet reshuffle; Seven big pieces moved on 23rd April, 2021; Who are in the PAP’s 36th CEC? Next GE, 2025? Opposition formed coalition; WP’s Pritam Singh, Leader of the Opposition; WP’s MP resigned on 30th Nov 2021; Constitution amendment: S$10,000 fine, and the MP will lose the Parliament seat.

Posted on September 6, 2020 by tankoktim

  =========================== . A thankless job. Hair will turn grey fast. The cursing on him and his family starts and will stop only when he ends his premiership. ====     . A capable government is one that will grow … Continue reading →

Posted in 14th Parliament. GE 10Jul2020, Budgets 2018, etc., By-elections, Economy; Perfect Economic Storm? When?, GE2020 & Covid-19 Pandemic, GE2020 on 10th July 2020; and one year later;, Government, Politics | Leave a comment

2020 Unity Budget – my 34 suggestions. Total Assets of Singapore as at 31st March 2019 were S$1174b. 2020 Resilience Budget. 2020 Solidarity Budget.

Posted on January 17, 2020 by tankoktim

2020 Budget Speech by MOF Heng in Parliament on 18th Feb 2020  [see copy below]: 2020 Budget has S$109 billion spending in total.   It is called Unity Budget 2020 due to the COVID-19 pandemic. The 2020 Budget has a … Continue reading →

Posted in Budgets 2018, etc., Business & Finance, Cost of Living & Retirement Adequacy, CPF, Government, Govt's Budget, GST, GST Rebates, National Reserves, Politics, Social issues, Socialistic Policies, Taxation | Tagged | 1 Comment

2019 Budget – my 28 suggestions

Posted on January 10, 2019 by tankoktim

2019 Budget  – my 28 suggestions: I hope MOF Heng Swee Keat will include one or two of my suggestions in the 2019 Budget, which will be announced in Parliament by him on 18th Feb 2019. What will be the … Continue reading →

Posted in Budgets 2018, etc., Business & Finance, CPF, Government, Govt's Budget, GST, Medical & Health, MediShield Life mandatory medical insurance, Minimum Wage; PWM and WIS in Singapore's wage policies, Politics, Population, Properties, Silver Support Scheme, Social issues, Socialistic Policies, Taxation, Transport | Tagged | Leave a comment

Budget 2018 and the future…going forward

Posted on March 24, 2018 by tankoktim

Budget 2018 and the future, going forward. What will give way? What will exhaust first between taxation and national reserves in a fast declining population, and a fast aging workforce? Can both continue indefinitely? ——— The proposed 2% point GST … Continue reading →

Posted in Budgets 2018, etc., Government, Govt's Budget, National Reserves, Politics, Taxation | Tagged , , | Leave a comment

National Reserves S$1.73 trillions as at 31st March 2023; – Cap it at 3 or 5 times of GDP? Should NR have a limit? NIRC from National Reserves – how it benefits Singaporeans? PM Lee Hsien Loong released the NR figures for the first time in Parliament on 27th Jan 2016;

Posted on March 5, 2018 by tankoktim

======== . S$1.7 trillions.It is official.S$1 trillion is outdated. National Reserves or Total Govt Assets as at 31st March 2019: S$1.174 trillions. It was S$1.732 trillions as at 31st March 2023. Grown by S$0.56 trillions in four years. [Source: MOF’s … Continue reading →

Posted in Budgets 2018, etc., Business & Finance, Cost of Living & Retirement Adequacy, Economy; Perfect Economic Storm? When?, Elected President - roles, powers and responsibilities; The 2nd Key; EP: the proposed changes;, Government, Govt's Budget, Inflation and Rising cost of living, Inward investments and incentives; overseas Investments - should more be invested overseas or locally by Sovereign Wealth Fund? Maintain stable supply chains and security?, Medical & Health, Nation Building, National Reserves, Socialistic Policies | Tagged , , | 2 Comments

Using long-term loans for projects with long life span; In the 2018 Budget – A strategic shift to use loans for longer-term infrastructure projects was announced;

Posted on March 4, 2018 by tankoktim

============== . Loans to fund the investments in long-term infrastructure development. I doubt it will be paid by 100% loan funding. It might by 50:50 ratio. We have to wait for the details coming from the COS debates of MND. … Continue reading →

Posted in Budgets 2018, etc., Government, Govt's Budget, Nation Building, Total Defence | Tagged | 1 Comment

Sales Tax on expensive goods? High direct income tax will cause ‘Wealth flight”; How GST works and functions? Should POFMA be thrown at the demagogues? GST hike, 2% points: one on 1Jan2023 and the other on 1Jan2024; Make the hike acceptable by having 713? 7%+1%+3%? Have a 3% Sales Tax on expensive goods and equipment; Both PAP and the opposition are not ready as yet politically to have a Sales Tax. Why?

Posted on March 3, 2018 by tankoktim

==================. Have a 3% Sales Tax in 2028?GST above 9% not the long-term solution.Time to ask the Govt to pass the Law for this now, and why? . Sales Tax on the rich on expensive goods will not be a … Continue reading →

Posted in Budgets 2018, etc., Business & Finance, Cost of Living & Retirement Adequacy, Government, Govt's Budget, GST, GST Rebates, Minimum Wage; PWM and WIS in Singapore's wage policies, Politics, Social issues, Socialistic Policies, Taxation, Workfare income supplement; Progressive Wage Model | Tagged , , | 3 Comments

2018 Budget: What are the big items…MOF Heng’s Budget Statement

Posted on February 23, 2018 by tankoktim

The Singapore Finance Minister Heng Swee Keat’s 2018 Budget Statement is at the foot of this post [please see below]. —————— Many did, and the GST guesstimate was right: Two %. But the expected date of implementation was way off, … Continue reading →

Posted in Budgets 2018, etc., Govt's Budget, GST | Leave a comment

My 2018 Budget Wishlist

Posted on February 12, 2018 by tankoktim

My 2018 Budget Wishlist: My recommendations for the seniors are in items 1, 6 to 9 below: 1] The Govt should give S$500 in 2018 to each PG from the S$8b Pioneer Generation Fund. 2] The super rich will spend … Continue reading →

Posted in Budgets 2018, etc., Government, Govt's Budget | Tagged | Leave a comment

S$778 per month for the destitute : based on the 2016 Budget; Revised in 2019; What is the amount now, the revised latest figures based on the current Budget? Will the WP MPs ask the minister in Parliament for the latest figures? Or, will the MSM journalists ask for it? Where to seek help under the Destitute Act Chapter 78? Who can offer the help and how? Seoul homeless: photo below;

Posted on April 3, 2016 by tankoktim

.. ========= .   . Who is eligible for govt’s public assistance under the Destitute Act Chap 78 [please see copy of the Act below]? What are the terms and conditions of eligibility under the Act? The link to public … Continue reading →

Posted in Budget 2016, Budgets 2018, etc., Cost of Living & Retirement Adequacy, Fate, Destiny, Accidents & Coincidence, Food & Drinks; hawker centres; foodcourts;, Government, Govt's Budget, GST Rebates, Labour, Minimum Wage; PWM and WIS in Singapore's wage policies, Politics, Silver Support Scheme, Social issues, Socialistic Policies, Taxation | Tagged , , , , , | 3 Comments

Our National Reserves disclosed in Parliament by PM LHL on 27Jan2016….total S$613 billion in 2015. Updated figures: Temasek Holdings S$308 billion as at 31Mar2018; Total Govt Assets as at 31st March 2019: S$1174b [please see the 2020 Budget].

Posted on February 12, 2016 by tankoktim

============ . Singapore’s GIC set to manage extra S$185b in reserves THU, JAN 13, 2022 – 4:04 PM  UPDATED THU, JAN 13, 2022 – 6:37 PM in businesstimes.com.sg Singapore’s sovereign wealth fund GIC is poised to get a massive influx … Continue reading →

Posted in Budgets 2018, etc., Business & Finance, Cost of Living & Retirement Adequacy, CPF, Government, Govt's Budget, Inward investments and incentives; overseas Investments - should more be invested overseas or locally by Sovereign Wealth Fund? Maintain stable supply chains and security?, Nation Building, National Reserves, Politics, Social issues, Socialistic Policies | Tagged , , , | 1 Comment

Perfect economic storm; Economy must be ready for next ‘perfect storm’; Vital to prepare for a post-oil economy; E-commerce, the threats to brick-and-mortar businesses? How should Singapore remain competitive when more countries become 100% users of green and clean energy in a digital age? Britain wants to make Brexit UK become the Singapore of Europe; Singapore’s HDB public housing should be given UNESCO’s recognition;

Posted on September 26, 2015 by tankoktim

. ==== . Confronting a perfect long storm The world must face up to the gravity of the challenges it faces and organise itself more effectively to address them. Tharman Shanmugaratnam (From left) Ukrainian soldiers running for cover, horse and … Continue reading →

Posted in Budgets 2018, etc., Business & Finance, Cost of Living & Retirement Adequacy, Economy; Perfect Economic Storm? When?, GE2020 on 10th July 2020; and one year later;, Government, Lee Kuan Yew's Legacy [His life 1923-2015], National Reserves, Past General Elections, Politics, Productivity, Social issues, Socialistic Policies | Tagged , , , | 5 Comments