The IMF Re-Re-Statement of Singaporean Public Finances
Earlier this summer, I wrote about the International Monetary Fund restating the historical Singaporean public surplus by an astounding $158 billion SGD. The IMF increased the size of the Singaporean government surplus from $271 billion SGD to $429 billion SGD between 1990 and 2010. Most interestingly, the increase in the...
Million dollar HDB deal almost final
The million-dollar deal for a HDB flat in Queenstown is close to being completed, as the buyer, a new Singapore citizen, and seller agreed on the price at their first appointment with the Housing and Development Board (HDB) yesterday. Located on a high-floor at a 16-storey block at Mei Ling Street, the 1,614.6 sq ft executive...
Where have our reserves gone?
“Let me tell you the truth, as spending increases significantly sooner or later taxes must go up too.” Thus spake the PM in his National Day Rally Speech. Apart from that so-called truism, the NDR speech was totally without interest being the usual PAP message of austerity for Singaporeans ( what the PM calls being tough...
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