Halimah - the rubber-stamper

[LITTLEREDDOT]

President Halimah briefed on rates of return on S’pore’s investment assets​

Deputy Prime Minister and Finance Minister Lawrence Wong, as well as officials from the Ministry of Finance and senior representatives from GIC, MAS and Temasek were also present at the meeting. PHOTO: HALIMAH YACOB/FACEBOOK

Adeline Tan

Nov 24, 2022

SINGAPORE – President Halimah Yacob was briefed on Wednesday by Deputy Prime Minister and Finance Minister Lawrence Wong and other officials on the expected real rates of return on Singapore’s investment assets over the long term.
These projections are used to determine how much of the nation’s past reserves the Government will be able to tap for the next Budget.
In a Facebook post on Wednesday evening, Madam Halimah said the Council of Presidential Advisers (CPA) was also at the meeting, as were officials from the Ministry of Finance (MOF) and senior representatives from GIC, the Monetary Authority of Singapore (MAS) and Temasek.
“We had an extensive discussion on the global economic outlook, major structural risks such as heightened geopolitical tension and the impact of climate change, and the methodologies adopted to derive (these) projections,” said Madam Halimah.
GIC is the Republic’s sovereign wealth fund and one of the three investment entities in Singapore that manage the Government’s reserves, alongside MAS and Temasek.
The briefing is an important part of the annual Budget cycle, Madam Halimah has said previously, as this is when the President, in consultation with the CPA, examines the assumptions used in the projections on expected returns.
These rates are used to derive the amount the Government can spend under the Net Investment Returns framework.

Under the framework, the Government is allowed to take into the Budget up to 50 per cent of the expected long-term real returns on net assets invested by GIC, MAS and Temasek, after deducting liabilities such as government bonds.
The Budget is traditionally presented in Parliament by the finance minister in mid-February, but planning and consultation begin several months earlier.
On Wednesday, Madam Halimah said the boards of GIC, MAS and Temasek have reviewed and certified their projections, and the Government has conducted a thorough and independent assessment of the assumptions and methodologies used by the three entities.
Madam Halimah, who holds the second key to past reserves in her custodial role, said she will provide her response after reviewing the Government’s proposal in consultation with the CPA.
In the event that the Government and the President do not agree to any of the expected rates of return, historical average rates of return from the past 20 years will be used to determine how much the Government can spend.


The use of Singapore’s reserves came under the spotlight again this month, when the Workers’ Party (WP) reiterated its call to raise the ceiling on net investment returns that can be spent in the Budget from the current 50 per cent to 60 per cent in place of a goods and services tax (GST) hike. They also suggested using proceeds from land sales to fund current expenditure.
Sengkang GRC MP Jamus Lim said during the debate on the GST (Amendment) Bill that it is just as possible to oversave as it is to undersave, which drew a response from Potong Pasir MP Sitoh Yih Pin that saving is a virtue for a small country like Singapore with no natural resources.
On Tuesday, Senior Minister of State for Finance and Transport Chee Hong Tat said in an article that the debate had revealed fundamental differences in political values and attitudes towards fiscal discipline between the People’s Action Party and the WP, and that the WP’s proposals would take more from the reserves and leave less behind for future generations.

 

[blackmondy]

I wonder if this overpaid useless minah even knows what's she's talking about ?

 

[Singapore Dancing Spirit]

Stinkypura is a Malay territory, nothing to do with chinks.

That a chink tablet with chink letters adorns her cabinet/wall/whatever shows she is merely a puppet, controlled by eunuch loong.

The purpose is to draw anger of chink inferior morons to an easy vulnerable target since those cockroaches dare not target the eunuch in chief, eunuch loong.

She should not have taken the role when she spent most of her life working for one single party PAP.

I believe we need to amend the law whoever running for Presidential office, must be neutral and should not have represented any single party in the past career,

 

[mudhatter]

She should not have taken the role when she spent most of her life working for one single party PAP.

I believe we need to amend the law whoever running for Presidential office, must be neutral and should not have represented any single party in the past career,

First order of things is to oust PAP piglets rather than harp about a ceremonial president.

What now? Too cowardly to talk ill of eunuch loong? Dare you talk ill of eunuch loong in public?



You are a peasant and remain a subservient peasant.

That's true of all stinkies.

 

[mudhatter]

I wonder if this overpaid useless minah even knows what's she's talking about ?

Remind us again what are your credentials?

Your worth is less than a CECA ball carrier eunuch's. Look at a mirror first if you can with your slanted eyes.

 

[blackmondy]

Remind us again what are your credentials?

Your worth is less than a CECA ball carrier eunuch's. Look at a mirror first if you can with your slanted eyes.

I see a fucking useless mudd trying hard to elevate his own useless incestuous race by belittling the competence of other races.
Just enjoy your god-given privilege and fuck your mother, sister and daughter.
Hey mudd, let me remind you in clear, bold text....

YOU BELONG TO A FUCKING USELESS, INCESTUOUS RACE! TALKING LOTS OF COCK HERE WILL NOT CHANGE THAT FACT! HAHAHAHA!

 

[blackmondy]

Remind us again what are your credentials?

Your worth is less than a CECA ball carrier eunuch's. Look at a mirror first if you can with yor slanted eyes.

Hey dumb mudd, besides being lazy, useless and incestuous, what have you mudds done to elevate your race? What have YOU personally done to elevate your race, besides defending it in futility here? Belittling Chinese won't elevate your race automatically, you know? Or are you delusional?
Pray tell. I'm all ears.

 

[mudhatter]

I see a fucking useless mudd trying hard to elevate his own useless incestuous race by belittling the competence of other races.
Just enjoy your god-given privilege and fuck your mother, sister and daughter.
Hey mudd, let me remind you in clear, bold text....

YOU BELONG TO A FUCKING USELESS, INCESTUOUS RACE! TALKING LOTS OF COCK HERE WILL NOT CHANGE THAT FACT! HAHAHAHA!

You can't see coz you are a slanty mongoloid moron a nation of coolies peasants prostitues rickshaw pullers opium addicts whores harlots and a bastard nation produced by coitus with dogs and squirrels.

Flat faced wuhan virus carrying mongoloid subhuman.

Subhuman yankee nimrods a nation of 200 years history kicked you in the nuts plenty of time and all YU slanties are subservient to your yankee masters with no exception. That says it all.

Putting it in bold won't change the following facts. Just meaningless drivel


YOU BELONG TO A FUCKING USELESS, INCESTUOUS RACE! TALKING LOTS OF COCK HERE WILL NOT CHANGE THAT FACT! HAHAHAHA!

bunch of bloody ingrates

get the fuck out of malaysia incl malaya, get back to tiongkok live under commie rule if you love commies so much subhuman son of a negroid monkey chink

 

[mudhatter]

Hey dumb mudd, besides being lazy, useless and incestuous, what have you mudds done to elevate your race? What have YOU personally done to elevate your race, besides defending it in futility here? Belittling Chinese won't elevate your race automatically, you know? Or are you delusional?
Pray tell. I'm all ears.

Hey subhuman incestuous slanty wuhan virus carrier chink, what are your credentials again? Instead of slandering others falsely, as usual, and as expected from kafir rats, what have YOU done to elevate any community anywhere on earth even if rats are your own community?

bloody incompetent subhuman mongrels, slaves of yankee cowboy dolts.

a nation of incompetent buffoons who with 1400 million slanties STILL working at the infamous chhhhhyyyyynnnnaaa sppppeeeeeed, never ending chhhhyyyynnnnaaaa sppppeeeed STILL can't surpass a 4x smaller country in aggregate in anything that matters.

in fact, tiongkok has 5x as many workers as yankee cowboys.

with about 800 million chinks in labour force compared to "only" 160 million cowboy yankee dolts, YU slanties still can't surpass them in aggregate after more than 40 years of incredbily slow chhhhhyyyyyynnnnnaaaa sppppeeeeed

 

[Singapore Dancing Spirit]

Do not worry about CECA LIVING in SG OR OVERSEAS as their life is coming to an end before time. Their life Expectancy will be short 20s or 30s or 40s as they destroyed the entire world with ERROR in the internet.

I will brief you what went wrong and HOW did CEDA goof up and the complete picture of data privacy breach by all companies with their CEOs when Rothschild and his entire family both small and old begging me for their lives.

Remember death ends ourr probation on earth. There will not be a second chance to live here on earth.

it is not a hoax but a vision that i had that will come true sooner. Devil also had seen the same vision that i had seen. It is all about True spirituality.

 

[LITTLEREDDOT]

S377A officially repealed after President Halimah gives assent to Bill​

The move to repeal Section 377A was brought up by Prime Minister Lee Hsien Loong in his National Day Rally speech in 2022. PHOTO: ST FILE

Goh Yan Han
Political Correspondent

JAN 3, 2023

SINGAPORE – Section 377A, a decades-old law criminalising gay sex, has officially been struck off the books, after President Halimah Yacob assented on Dec 27 to the Bill that proposed the repeal.
At the same time, changes to the Constitution to protect the current definition of marriage – as a union between a man and a woman – from legal challenge are now in force, according to notices published on the government e-Gazette website on Tuesday evening.
This comes after Parliament voted on Nov 29 in favour of both moves following a 10-hour debate over two days.
Law and Home Affairs Minister K. Shanmugam said at the close of the debate that the overall choice showed that Parliament should be the one to decide on issues of marriage, rather than having the matter left to the courts and having Singaporeans “live with the potential threat of unconstitutionality, and (having) that change imposed on our society – as has happened in other countries”.
During the vote, the People’s Action Party did not lift its Whip, which meant that its MPs had to vote according to its position.
SPH Brightcove Video

The opposition Workers’ Party, which has nine MPs in Parliament, lifted its Whip.
The move to repeal Section 377A was brought up by Prime Minister Lee Hsien Loong in his National Day Rally speech last August.

He said the Government would repeal Section 377A and decriminalise sex between men, as attitudes towards homosexuality had shifted appreciably.
Most people accepted that a person’s sexual orientation and behaviour were private matters, and that sex between men should not be a criminal offence, he added.
At the same time, most Singaporeans did not want the repeal of the law to trigger a drastic shift in societal norms across the board, PM Lee said, referring to the Government’s consultations with the public, including on the definition of marriage and what is taught in schools.

 

[borom]

History will remember her as the one who propose caning for rapist aged 50 and above, when we already have one of the harshest laws on earth

 

[LITTLEREDDOT]

President Halimah gives assent to Govt’s spending plans under Budget 2023​

President Halimah Yacob’s assent has been given to the Supply Bill, a move that formally authorises how much the Government can spend in each financial year. PHOTO: HALIMAH YACOB/FACEBOOK

Tham Yuen-C
Senior Political Correspondent

Mar 24, 2023

SINGAPORE – President Halimah Yacob on Thursday gave her assent to the Government’s spending plans for the coming financial year starting on April 1, saying that Budget 2023 is balanced and fiscally responsible.
“It provides for the immediate needs of Singaporeans, especially with the rising costs of living, but at the same time invests in Singapore’s future needs,” she said in a Facebook post.
She noted that significant challenges remain even as the Covid-19 pandemic has abated, with Singapore’s population rapidly ageing, climate change intensifying, and global security, economic openness and social cohesion coming under threat.
The President’s assent was given to the Supply Bill, a move that formally authorises how much the Government can spend in each financial year.
Following her assent, the Bill will be enacted into a law called the Supply Act, which controls the Government’s spending in the coming financial year.
Madam Halimah said that the Ministry of Finance had earlier briefed her and the Council of Presidential Advisers (CPA) on Budget 2023, and that the Government will not be drawing from the reserves in FY2023.
“As the Budget is unlikely to draw on the Government’s past reserves, and with the CPA’s recommendation, I have exercised the President’s discretionary power under the Constitution to give my assent to the Supply Bill,” she added.

Deputy Prime Minister and Finance Minister Lawrence Wong had unveiled the $123.7 billion Budget on Feb 14 which included a suite of measures to grow the economy, support parents and families, and support measures to combat the rising cost of living and inflation.
Mr Wong had said the Government would not need to draw on past reserves in Budget 2023 as things return to normal.
He had noted that there was a lower-than-expected draw on the reserves for Covid-19 emergency public health spending in FY2022.
While Madam Halimah had earlier concurred with a draw of up to $6 billion for this in FY2022, a lower amount of up to $3.1 billion is now expected to be drawn, as the public health situation has since stabilised, said Mr Wong.
For FY2020, $31.9 billion from the past reserves was used for Covid-19 response measures, while for FY2021, $5 billion was used.
In all, the draw on the reserves in the three financial years of 2020 to 2022 is expected to come up to $40 billion, less than the initial sum of $52 billion that the Government projected it would need at the onset of the pandemic.

The President said the past reserves provided critical support to Singaporeans and businesses during Covid-19, enabling jobs to be saved and avoiding severe disruptions to families.
A significant portion of the reserves drawn down was also used to buy vaccines and save lives through ramping up much-needed medical facilities and services, she noted.
“In this regard, we see that past reserves were used not just for future generations but also for the current generation that has helped to grow our reserves,” she said.
“In exceptional circumstances, to save lives and livelihoods, our past reserves have provided support across generations of Singaporeans.”