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GST increases coincide with increase in social spending?

Whenever GST increase: More Budget surpluses despite the reason to raise GST because of expected increases in social spending?

The primary reason for raising GST in 2007, 2004, 2003 and 1997 (introduced), has always been to increase revenue due to expected increases in social spending.

So, I was curious and asked myself the question – what were the Budget outcomes whenever GST was raised?

Well, strangely and arguably, surprisingly:

2007 5 to 7% – Budget surpluses $7.7b in 2007 (19-year high 1997 to 2015), $0.24b in 2008?
2004 4 to 5% – Budget surpluses $1.5b in 2005, $0.24b in 2006?
2003 3 to 4% – Budget surpluses -$0.11b (huge drop from $1.9b in the previous year 2003) in 2004, $1.5b in 2005?
1997 GST introduced – Budget surpluses $5.3b 1997, $0.3b 1998, $4.9b 1999, $4.0b 2000?

[LINK]

So, the above begs the question – why was there seemingly a trend of Budget surplus increases when GST was raised – shouldn’t these Budget surpluses have been lower or become deficits with the supposedly expected increase in social spending?

 

Leong Sze Hian

 

 

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READER COMMENTS BELOW

21 Responses to “GST increases coincide with increase in social spending?”

  • Fire:

    Asking Question is not a crime .

    Finding Answer is not a crime too .

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  • Meaningless data:

    By now, many Singaporeans already know that the official budget surplus is a meaningless number.

    Why?
    In addition to the official budget surplus, there are many unclear surplus items:
    a) many expenditure items are really contribution to funds, i.e., not used. These should be counted as surplus. Billions and billions.
    b) many money items don’t even show up in the budget, .e.g., investment returns from many places. GIC, TH, CPF investment returns minus 2.5%, even polys.

    The real surplus is easily $100 billion a year.

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  • Stop the PAP Steal:

    Who dares Question The PAP Administration GST raise – is it wrong to pay for additional Ministerial salaries when tougher times had taxed their abilities to run the Singapore Resilient, Melting pot Society?

    (Of course as usual, am I wrong if I as a PAP Politician always ask people not to burden next generation – how come?
    When this generation pass off, most of them leave BEHIND STORE OF VALUES FLATS to the next generation, and each Store of Value Flat probably has around 50 years lease left – AND this is A BURDEN to next generation PAP ALWAYS CLAIMED???)

    Don’t talk politics as a citizen, cannot. PAP has always ‘demanded’ citizens to join political parties, then can talk about COL issues as a politician.

    Citizens CANNOT talk about ISSUES of daily living – MUST BE A PAP lie, right?

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  • Stop the PAP Steal:

    I can’t remember exactly the exact words (esp the $figures, KY said when he was alive when he spoke HOW GOOD his PAP Regime was.

    It was only after some years into HIP, MUP et al.

    He said, similar, ‘where in the world any Govt spend $6 billion dollars to enhance people’s homes’?

    Of course – TECHNICALLY Speaking it’s seems PAP can get away with seemingly alternative facts. Bcz it’s tax payers money. 2ndly the MUP is not nationally applicable in the same manner as voters of PAP wards.
    So is there any Govt in the world that discriminate against its citizens when all pay taxes, though they may not be ‘forced’ so recite the Pledge. Maybe. Maybe corrupted govts .

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  • I Know:

    It’s the cost recovery model being applied: spent billions on fighting Covid-19 and proping up businesses so must recover the money

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  • Trust only myself:

    How many unthinking Singaporeans care about budget?

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  • You die your business:

    The gov gives us subsidies n vouchers once in a while for show only…a$100 here and a $100 or so there ..
    But the big fat price increases of everything ,including goes up forever ..never goes down!…till the next jump each [email protected]

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  • xoxo:

    Leong,THE PAP DID TELL THE * SEEMING truth*.
    Tbey did $pend $100 Billion for *RESILIENCE * N * SOLIDARITY* budgets.
    Except that the Most Deserving n Neediest SENIOR CITIZENS – who helped built the PAST RESERVES- got ONLY $600 OUT OF A PER CAPITA GRANT OF $23.5 K?
    Instead,the BULK OF THE $100 BILLION PILLAGE went to FURLOUGH FOR HIGHLY PAID sgs and NON-SG PMEs.

    An honest PRESIDENTIAL OFFICE’S AUDIT WILL LIKELY PROVE MY POINT.
    WILL THAT BE DONE?

    Wait LOONG,LOONG…
    SGS ARE TRULY DAFT,at least 61 pct of us inuding academicians,lawyers,accountants .

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  • Harder Truths:

    What is GST? It is a slave tax. making sure that whatever you spend money on you pay the masters their ‘cut’. Whats is it sued for? Not for social welfare or the poor. Just for the Regime’s salaries and other ‘benefits’ you will never know of.

    Stealing is a crime. But slaves do not have rights or property. So what is ‘taken’ from you all is really theirs. You are just holding on to their assets, to be taken back when they decide they need it back.

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  • Stop the PAP Steal:

    1. PAP Administration is price gougers.
    2. PAP Administration is Price Predators.

    Depends which angle one see from. And depending if one wants to speak of political correctness, the camp of which lack no members amongst the big investors community in SG.

    SG sheeps favors the PAP party without which voters scared SG will perish. That’s exactly why PAP holds the bloody trump card to instill collapse in SG if they are voted out, much like what previous various PAP transport Ministers threatened commuters if fares not allowed increase, buses break down, delays in journeys, and services bunched up and commuters pay the price.

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  • Stupidity:

    Stupid to increase GST when the poor are struggling to survive the Pandemic.
    Out of touch with the ground sentiment.,lack of empathy from Policy maker who has no experience of suffering from the pandemic.
    How many are badly affected by the Pandemic…look at the number of business closing..

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  • xoxo:

    Many sgs are rendered jobless or underemployed.
    As such,their REAL DISPOSABLE INCOME has been decreased effectively.
    To raise G$T in an expected period of rising inflation is to slap a *DOUBLE WHAMMY* into the faces of poorer sgs.

    G$T for a medical bill of $50K is the same for the rich as is for the poor,ya?
    A sack of rice bought by the rich has the same tax as that bought by the poor.
    But to the rich,it is *PEANUTS* only.
    To the struggling poor sgs,it is additional financial burden.

    To raise GST after raiding $100 Billion and UNDER-ALLOCATING TO OUR OWN LOW-SALARIED WORKERS,JOBLESS N SENIORS is simply UNFAIR N UNBECOMING.
    I strongly urge the FM LAWRENCE WONG TO RECONSIDER.
    CLAWING BACK FROM THOSE WHO RECEIVED MORE GRANTS FROM THE $100 BILLION IS ONLY THE RIGHT N ETHICAL WAY.

    TIME FOR SOLIDARITY N RESILIENCE FOR ALL NEEDY SGS.
    GST IS ANTI-RESILIENCE N ANTI-SOLIDARITY WITH THE POOR N JOBLESS SGS CAN LW OR HSK OR EVEN PM LEE SAY NOT?

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  • xoxo:

    If GOVT raise GST,it shud consider exemptions on basic necessities n medical for poor n senior sgs.
    I think a GST REFUND COUNTER LIKE THE ONE AT OUR AIRPORT CAN EASILY BE ADMINISTERED EFFICIENTLY.

    ITS NOT A QUESTION OF TAX ADMINISTRATION BUT WHETHER THE GOVT IS CARING N COMPASSIONATE.

    WE CAN GIVE GST REFUND TO WEALTHY TOURISTS,WHY CANT WE DO IT FOR OUR OWN NEEDY CITIZENS?

    ANY MINISTER OR MP THINK NOT?

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  • more social spending:

    //GST increases coincide with increase in social spending?//

    i thought economy better hor as mentioned by white idiots ?? better economy, so better tax stream (absolute larger $$$ even with rates being maintained right ??) ??

    why need more social spending in the present if there is an increase of population (more FT talents converted to sinkies ??)

    OR there is now more social problems which need more social spending which also means the situation is not so ideal for more people as compared in the past ???

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  • Robert:

    There was a study by 2 professors that the minimum living amount was $1379 for tge individual.

    The government should find the mechanism to ensure those with below such incomes get topped up.

    For example, seniors who receive their cpf payouts of say, $600, should receive the difference from the government if they have no other resources of income.

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  • xoxo:

    G$T increases during a pandemic and joblessness( unemployed plus underemployed) among sgs is surely a RUTHLESS AND IRRATIONAL POLICY on the part of the govt who just RAPED sgs by raiding sgs’ reserves to dish out generous firlough to even non-sgs while handing ungraciously a shameful sum of $600 to deserving needy sgs?

    The intended impending GST INCREASE shud not be allowed to pass.
    All DECENTLY CARING MPs must vote against it.
    Voting for a GST INCREASE SHOWS HOW UNCARING N INCONSIDERATE your MPs really are.

    Do you still want them around?

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  • Stop :

    xoxo:
    G$T increases during a pandemic and joblessness( unemployed plus underemployed) among sgs is surely a RUTHLESS AND IRRATIONAL POLICY on the part of the govt who just RAPED sgs by raiding sgs’ reserves to dish out generous firlough to even non-sgs while handing ungraciously a shameful sum of $600 to deserving needy sgs?

    The intended impending GST INCREASE shud not be allowed to pass.
    All DECENTLY CARING MPs must vote against it.
    Voting for a GST INCREASE SHOWS HOW UNCARING N INCONSIDERATE your MPs really are.

    Do you still want them around?

    Just a side curiosity. I’m u sure on the economy front which I hope u fill me in.

    PAP Administration announced econ est grew 7 per cent. And my friend’s shipping firm paid 3.5 months bonuses. At the same time I see, comparatively with non covid times, many eating stalls and shops shuttering – frankly I m quite confused. Add in even more bewildering, rental and property prices shooting upwards.

    Who is lying or who is corrupted in their statements and figures to the public of SG.

    Or is there a massive massive POLITICAL AGGENDA to LIE to SGpns?

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  • whole blocks of buildings:

    //announced econ est grew 7 per cent.//

    aiyoh. grew from what base lar (denominator) ? grew from a pandemic low denominator ? or grew from the running average of 3, 5, 7, 10 years ??? one can also select a range of period to wayang the presentation also lar ??

    //Add in even more bewildering, rental and property prices shooting upwards.//

    aiyoh. the mediocre will find it hard to even buy one home ?? but the not-mediocre filthy rich can purchase whole blocks of buildings in many countries lar ??

    sinkie land is sort of selling “security” to the rich lar while the rest are trained to service them lar (& hopefully the latter group can purchase a home just to stay lar ??) ??? orelse why so much greenery (while the pretense is to go green) is being slaughtered to keep putting up so many buildings ???

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  • Why fake can go on?:

    Inflation = money printing. The rest are just stories to convince you.

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  • Soccerbetting2:

    Where is my two posts on gst topic .The TR Emeritus website pretend to be neutral but dare not post my post out. It bring shame to have this type of website control by shameless women behind the scene protecting its masters ĺ! When I previously called its masters as b**** puppy,yet TR Emeritus website previously change my words without permission and classified its masters as puppies ,dare TR Emeritus denied ? When I answer to topic,it still dare not post,what a shit this TR Emeritus website has become ! Pui ! No wonder everybody has to pay more and more GST in future ! What contribution to society did TR Emeritus achieved ? Pui !

    Tech: You have been reminded on several occasions to mind your language and respect women, especially our lady mods but practically every single one of your posts have called women by names and insulted them, which is against our TOS abd AUP. We have tolerated you long enough and given you multiple chances. So for the last time, we are warning you that should we see ONE MORE post from you with the same nonsense, you will be banned from EVER commenting on TRE.

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  • Soccerbetting2:

    What a joke ? TR Emeritus don’t dare to post my reply out ? Every time this type of pattern .And why don’t TR Emeritus ask Lee Hsien Loong whole government to provide data proof of how much GST has been collected every year and how government actually spent off all those GST money it collected such that it feels GST collected presently is not enough and need to increase more GST for everybody to pay more ! How come Lee Hsien Loong government no provide any GST collection and actual expenditure data and without proof justification can just call for GST increase ? All you TR Emeritus setup this website for what when all of you no need to question ?

    Mod: Your comments are moderated according to our AUP and TOS, just like everybody else’s. Who you are is totally irrelevant to us during moderation.

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