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?
Budget
Moderator: Singaporum Moderators
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baloo
- Can't find the exit
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Re: Budget
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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expat yorkshire
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Re: Budget
20 % Tax rebate has been announced capped at $2000
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Fat Bob
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Re: Budget
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?)
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?)
"Remember that you are an Englishman, and have consequently won first prize in the lottery of life" ...Cecil Rhodes.
Poppy Appeal
Poppy Appeal