Singapore’s political contestation will continue, likely to intensify

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Deputy Prime Minister Lawrence Wong spoke at the annual public service leadership ceremony on November 1, 2022. In his opening speech, he highlighted that the Public Service played a pivotal role in keeping Singaporeans safe during the Covid-19 pandemic, from keeping borders, checkpoints, hospitals, and vaccination centers running smoothly to reaching out to households and businesses to […]

GST from tourists. Why not? In 2019, tourism receipts was $27.7 billion

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Now that our borders are open, tourists will start to come back and we will be able to collect revenue from tourists’ spending through the GST. In pre-COVID time, the bulk of net GST collected came from tourists and foreigners residing here, in addition to high income earners. At least 60% in fact. 19 million […]

Lessons from Sri Lanka on bad politics, mismanagement and populism

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Good politics, honesty and integrity, and good governance are topics the PAP Government repeatedly remind Singaporeans of, sometimes like a broken record. But the experience of Sir Lanks tells us just how important these are. Sri Lanka is in its worst crisis since its independence in 1948.  A severe shortage of foreign currency has left […]

Did Workers’ Party propose more than one way to dip into strategic reserves?

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Did Workers’ Party (WP) propose more than one way to dip into Singapore’s strategic reserves? Yes they did. WP in fact, proposed 2 ways to dip into our strategic reserves for recurrent spending: direct use of land sale proceeds and increased use of NIRC. Land sale proceeds Singapore’s reserves include physical assets like land. Currently, […]

Lessons from WP on how to keep the golden goose lean and thin

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The Workers Party (WP) which opposes the GST hike, proposes to raise revenue to fund increased spending in the following ways: Use land sale proceeds to fund budget spending; Increase NIRC ( Net Investment Returns Contribution) from 50% to 60%. Point 1 Currently, proceeds from land sales are already being used – indirectly – for budget […]

Are there compelling reasons to raise GST?

Are there compelling reasons to raise GST?

Our population is ageing rapidly. By 2030, approximately 900,000 citizens or one in four citizens will be aged 65 and older. For sure, healthcare expenditure will go up. Since the last time the GST was raised in 2007, public expenditure has gone up significantly. Between 2007 and 2019, government spending more than doubled from S$33 […]