Arofanatics Fish Talk Forums  

Go Back   Arofanatics Fish Talk Forums > The Guildhouse > Chatterbox > Singapore Politics

Reply
 
Thread Tools Display Modes
Old 20-11-2017, 10:07 PM   #1
stargazer
Dragon
 
stargazer's Avatar
 
Join Date: Sep 2011
Posts: 877
Default Lee Hsien Loong says higher taxes inevitable

It is a matter of time before taxes will be raised in Singapore, said Prime Minister Lee Hsien Loong, adding that the government will explain “well before the time comes” what the money will be used for.

Speaking at the People’s Action Party (PAP) convention on Sunday (19 November), Lee said areas of heavy spending included social services and healthcare.

Government spending on healthcare had reached S$10 billion in 2016, and this amount will rise as the population ages, Lee said in reference to Finance Minister Heng Swee Keat’s Budget speech in February.

Other costs included the expansion of the MRT network and the new Terminal 5 at Changi Airport.

“Just as our forefathers saved and invested to build what we, the current generation, are enjoying today, so too we must plant trees so that our sons and daughters, and their sons and daughters, can enjoy the shade,” said Lee.

According to economists who spoke to The Straits Times, the Goods and Services Tax could rise. In 2007, it was raised by two percentage points from 5 to 7 per cent.
=========================
And some said before last GE, some finance minister said there is sufficient funds no need increase tax...
stargazer is offline   Reply With Quote
Old 20-11-2017, 11:10 PM   #2
stargazer
Dragon
 
stargazer's Avatar
 
Join Date: Sep 2011
Posts: 877
Default

Apologies. Posted by Bro Loveikan liao. My bad.

Mod pls del...
stargazer is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT +9. The time now is 06:11 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
Copyright © 2000-2008 Arofanatics.com (Since 30th August 2000)