Budget surplus possibly four times higher than initial estimate: OCBC

[Confuseous]

That's a whopping $5bn.

Singapore’s FY2012 budget surplus may surprise on the upside, said OCBC Treasury.

"Based on our estimates, the FY12 budget surplus could come in as high as $5b, which if it materializes would be about fourfold of the initial estimated FY12 budget position of $1.27b. This is potential testament to the fact that while headline GDP growth was very modest at 1.2% yoy last year, receipts from corporate and personal income tax, GST, motor vehicle taxes, stamp duty and other fees & charges have been buoyant for the year-to-date FY2012."

Huat ah, ministers.

 

[Leongsam]

Sound financial management by a prudent government.

 

[Tuayapeh]

yeah efficient at collecting more money through taxes than it actually needs to run a fucking totally bloated and overpaid government....... and doing a fucked up job at it too....these clowns have no embarassment at the obscene amount of taxes being milked from the people...

 

[lesMISERABLES]

Sound financial management by a prudent government.

But will LEEgime distribute some of the surplus to help alleviate the financial burden of Singaporeans who need help?

 

[mojito]

But will LEEgime distribute some of the surplus to help alleviate the financial burden of Singaporeans who need help?

Of course not! Buying overpriced sand is more important.

 

[garlic]

Most from COEs, HDB sale and land sale.. all milking sinkies... notice the headline is "budget surplus 4 times higher..".. NOT trade surplus 4 times higher..." if it's the latter, then we have a good and astute govt.. but alas, it is the former..

 

[laksaboy]

Sound financial management by a prudent government.

More milking = more money into the PAP's pockets.

 

[Travellor]

Most from COEs, HDB sale and land sale.. all milking sinkies... notice the headline is "budget surplus 4 times higher..".. NOT trade surplus 4 times higher..." if it's the latter, then we have a good and astute govt.. but alas, it is the former..

what trade is there ijn sinkieland????????


just selling more of singapore away to foreigners??

helping launder more of their blood money or tax evasion money from their governments?????


or helping people to lose more money to the 2 casinos we have here???


THERE IS NO REAL ECONOMY HERE!!!!

 

[po2wq]

... Huat ah, ministers.

ah loon n his jin-gang n their cronies ... huat ah! ...

 

[saratogas]

Can't wait for the budget on 25 feb... Hope for an ang bao!

 

[laksaboy]

Can't wait for the budget on 25 feb... Hope for an ang bao!

You're too optimistic. There'll be at most some 'money' deposited into your CPF/Medisave account... meaning that it's next to worthless.

 

[Travellor]

Can't wait for the budget on 25 feb... Hope for an ang bao!

Take 100 bucks and give you back 0.25 cents damm steam hor?

 

[cass888]

Why should the government take the hard earned surpluses of hard working productive Singaporeans to fund the losers of our society?

But will LEEgime distribute some of the surplus to help alleviate the financial burden of Singaporeans who need help?

 

[singveld]

if only
if only PAP is a company, it will be bigger than apple, it will be bigger than exxon-mobil.

 

[laksaboy]

Why should the government take the hard earned surpluses of hard working productive Singaporeans to fund the losers of our society?

Keep thinking that way... your beloved Lightning Party will lose more GRCs and seats.

 

[po2wq]

... if only PAP is a company, it will be bigger than apple ...

no way cud b bigga dan n apple ... dey no got creatif talens 2 make dem dat big ...

 

[Fook Seng]

That's a whopping $5bn.

Singapore’s FY2012 budget surplus may surprise on the upside, said OCBC Treasury.

Wah, another $5 billions to invest in contrarian investments.

 

[Travellor]

Why should the government take the hard earned surpluses of hard working productive Singaporeans to fund the losers of our society?

yeah...agreed wholly man....that's why they should go and cut the minister's pay and all those fucking layabout fatcat overpaid incompetent civil servants salaries....

 

[cass888]

No man. I am prepared to pay the Ministers high pay as long as they agree not to increase taxes to feed the whiners.

yeah...agreed wholly man....that's why they should go and cut the minister's pay and all those fucking layabout fatcat overpaid incompetent civil servants salaries....

 

[singveld]

no way cud b bigga dan n apple ... dey no got creatif talens 2 make dem dat big ...

who said PAP have no talent, they are doing a good job in fxxking sinkies.