Crisis is getting worse - Sg Finance minsiter

[GoFlyKiteNow]

SINGAPORE, Feb 5 - Singapore's finance minister said on Thursday the economic downturn was worsening and the government may have to tap its multi-billion dollar pool of reserves for another fiscal stimulus package next year.

Singapore was the first country in Asia to fall into recession last year and Finance Minister Tharman Shanmugaratnam reiterated a forecast made before the country's January stimulus package that the economy could shrink up to 5 percent this year.

"We are seeing continued momentum in the decline week by week," Tharman told parliament at a budget debate.

Singapore, a tiny city-state of 4.6 million, last month took the unprecedented step of drawing on its reserves to help finance a S$20.5 billion stimulus package as its economy shrunk for the third straight quarter.

 

[singveld]

so happy, sinkies are paying millions to hear these things from minister.
i think i could find the ah peh clearing table at 800 per month to tell me these things too.

SINGAPORE, Feb 5 - Singapore's finance minister said on Thursday the economic downturn was worsening and the government may have to tap its multi-billion dollar pool of reserves for another fiscal stimulus package next year.

Singapore was the first country in Asia to fall into recession last year and Finance Minister Tharman Shanmugaratnam reiterated a forecast made before the country's January stimulus package that the economy could shrink up to 5 percent this year.

"We are seeing continued momentum in the decline week by week," Tharman told parliament at a budget debate.

Singapore, a tiny city-state of 4.6 million, last month took the unprecedented step of drawing on its reserves to help finance a S$20.5 billion stimulus package as its economy shrunk for the third straight quarter.

 

[myfoot123]

If I were to read between his lines, Singapore does not have enough surplus to pay SGD60millions salaries to the ministers and president. The dipping into reserve became a necessity to ensure their obscene pay continue uninterrupted. You think it really stimulate and help the peasants? MY FOOT!!!

 

[Einfield]

If I were to read between his lines, Singapore does not have enough surplus to pay SGD60millions salaries to the ministers and president. The dipping into reserve became a necessity to ensure their obscene pay continue uninterrupted. You think it really stimulate and help the peasants? MY FOOT!!!

Here's the order of priority for PAPpy

1.) Dirty Harry and family
2.) Relative
3.) Ministers
4.) MP
5.) Top Civil Servant, GLC
6.) Grassroots leaders
7.) Fake Union leaders
8.) FT /PR
9.) Poor Sinkies
10.) Normal Sinkies

 

[jw5]

If I were to read between his lines, Singapore does not have enough surplus to pay SGD60millions salaries to the ministers and president. The dipping into reserve became a necessity to ensure their obscene pay continue uninterrupted. You think it really stimulate and help the peasants? MY FOOT!!!

Ask half of them to go on no pay leave.
There won't be any difference while they are away.
Then can make the no pay leave permanent.

 

[The_Latest_H]

Wow. That didn't take too long for any rocket scientist to figure that one out.