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Much like our beloved Nigel, the sewing circle is no longer in action. The Singapore Forum will be kept up so the wealth of information collected over the years can still be found and used, but there won't be anything new.

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Budget

When in doubt, post it in here.

Moderator: Singaporum Moderators

Budget

Postby BoD » 15th Feb, '08, 16:16

We expect the Overall Budget Balance to be a surplus of $6.4 billion for Financial Year (FY) 2007, compared to the deficit of $0.7 billion that was originally projected.

1.6 GST collection arising from the 2 percentage point hike in July is estimated at about $1.4 billion in total, which now just matches the size of the GST Offset Package and Workfare Income Supplement tranches that were distributed in FY2007.

So an extra 1.4bn was raised,1.4bn given back, and there is still 6.4bn left over. What was the GST rise for again?
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Re: Budget

Postby baloo » 15th Feb, '08, 16:18

The next foreign investment back to get into trouble.
So…if you wish to wish a wish, you may swish for fish with my Ish wish dish.
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Re: Budget

Postby BoD » 15th Feb, '08, 16:23

Have you seen how much infrastructure investment is going on?

Amazing
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Re: Budget

Postby expat yorkshire » 15th Feb, '08, 17:48

20 % Tax rebate has been announced capped at $2000
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Re: Budget

Postby expat yorkshire » 15th Feb, '08, 22:52

No death duty
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Re: Budget

Postby Fat Bob » 16th Feb, '08, 07:04

Tax rebate? COOL! That is dropping it down significantly! YAY!!!

Death duties: well, knew they were low in Singapore (5% over $600K and $9m house) but now they been abolished? Cool again! Better get my "Country of Domicile" changed to Singapore (cf to UK, 40% over GBP300k) and my will drawn up (can we transfer over that running joke?)
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