Singapore Budget 2006
Key facts of the debate which ended last week.
Operating revenue for Singapore government - Fiscal Year 2006 projected at $29 billion.
This is an increase of 5.4% from previous FY2005.
Total expenditure projected to be $30.6 billion, a 6.1% increase.
This means a budget deficit of $2.9 billion. This is the largest budget deficit in more than 20 years!
Special transfers include $2.6 billion, going into the Progress Package. Remember that in 2001, during the country's worst post-independence recession, the handout was only $2.1 billion. Does it sound like a election budget or what?
MINDEF budget of $10 billion is up 8.5% from previous year.
Ministry of National Development budget is $1.24 billion, down 8.3% from previous year.
Operating revenue for Singapore government - Fiscal Year 2006 projected at $29 billion.
This is an increase of 5.4% from previous FY2005.
Total expenditure projected to be $30.6 billion, a 6.1% increase.
This means a budget deficit of $2.9 billion. This is the largest budget deficit in more than 20 years!
Special transfers include $2.6 billion, going into the Progress Package. Remember that in 2001, during the country's worst post-independence recession, the handout was only $2.1 billion. Does it sound like a election budget or what?
MINDEF budget of $10 billion is up 8.5% from previous year.
Ministry of National Development budget is $1.24 billion, down 8.3% from previous year.
posted by moebius @ 10:19 PM
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