Changes to rules on reserves?
Amendment to the Constitution will be tabled in Parliament on Monday by Finance Minister. -ST
Sat, Sep 13, 2008
The Straits Times
AN AMENDMENT to the Constitution will be tabled in Parliament on Monday by Finance Minister Tharman Shanmugaratnam.
This is expected to deal with how the Government calculates how much of the returns on investment of its reserves it can use for spending in any financial year.
Extra funds are needed in the coming years to pay for increased social, education, health-care and transport infrastructure spending
*** i thought GST increase to 7% was suppose to pay for all the social spending "to help the poor" as LHL said???
Amendment to the Constitution will be tabled in Parliament on Monday by Finance Minister. -ST
Sat, Sep 13, 2008
The Straits Times
AN AMENDMENT to the Constitution will be tabled in Parliament on Monday by Finance Minister Tharman Shanmugaratnam.
This is expected to deal with how the Government calculates how much of the returns on investment of its reserves it can use for spending in any financial year.
Extra funds are needed in the coming years to pay for increased social, education, health-care and transport infrastructure spending
*** i thought GST increase to 7% was suppose to pay for all the social spending "to help the poor" as LHL said???