A powerful speech, with clear explanations and convincing arguments. It's an inspirational to listen, such eloquence as well. Unfortunately a number of MPs are not in the house to listen to it first hand. Whether we agree with it - the 50-50 or 40-60 per cent - the most important consideration is prudence in spending and a fairness to all. Money is always not enough, or could be more, for many of us or the country. We must always have that reserves or resources to give us the confidence to live and look forward to the future for the country and the people. Keeping going, Singapore.
Singaporeans are indeed blessed to have very prudent, cautious, and pragmatic governance, something soooo many countries aspire to achieve but, sadly, failed.
if you dare to circumvent the first time, there'll be 2nd, 3rd or more times in the future. So the line have to be drawn clear. Good or bad times, no circumvention. Be strict on the rule
LHL's history lesson on how Singapore's reserve worked in the past and using it to justify excess savings for the future is invalid. In the past, ministers and government officials were mostly "white" under LKY. In the present, corruption is rampant under LHL. Corruption can be seen everywhere from Cabinet minister(allegedly for now), SPF, SCDF, NLB, LTA, and the list goes on. Singaporeans do not want to be in a position where they save diligently for rainy days, but only to realize the money is gone when crisis hits. Keeping the amount of reserve a secret is no longer strategic to prevent an "attack" on the reserve, but a risk to be borne by all Singaporeans that some corrupt government officials may "raid" the reserve for their own benefit through corruption or outright misappropriation. In addition, many other factors justify the need for more spending today. From the lack of climate change action, low fertility rate, man made global conflict, to rampant corruption in the PAP government. Any of these events can have irreversible impact on society, thus invalidating the need for long term savings. What is the use of having so much reserve if we're all dead? In summary, Singaporeans' money is safest in Singaporeans' pocket. Each one of us can best decide on how to best spend our own money to maximize utility. Do not trust PAP. Do not vote PAP. Vote for opposition if they campaign on constitutional changes and increase government spending
@@leexianlong6855 corruption cases exists in every countries just a matter of how bad it is and whether there's a system in place that can catch or prevent the worse from happening. You can't trust ppl, a good person can become bad due to temptations. if no such system in place, is a matter of time before a country get into trouble. If it's a democratic country, then the ppl will vote the govt out. If not, then perhaps a revolution, it must gets very bad before it happened. Politicians can be populist, but it will come back and haunt them one day. They'll wreck the country .Most countries addicted to debt now will one day go bankrupt, it won't perish but the ppl will suffer for a long time before it gets better. LKY build a solid foundation for Singapore during its early years where it is much easier to mould a country and its people, once past this golden period where the population has become much bigger and norms have been set in place, then nobody can do anything about it anymore. Credit to LKY for designing a nation and its people and of coz his capable lieutenants, he knows who to choose, someone with foresight. He designed a good constitution and system. Of coz he started from a blank slate. Is both easier and tougher. Constitution do evolve but it tend to evolve following the blueprint. The US has its good and bad too, very messy country
@@leexianlong6855 4th least corrupted country in the world and you say there is rampant corruption because of ONE major case. Keeping the amount a secret is no longer strategic? Why don't you share how much money you have in your bank account and you will see how people will treat you. Favours or whatnot. In addition, the reserves are managed by a group of people not just one person. To say that the money will be gone when we need it when it even requires the president's approval will be a monumental task to go unnoticed. Now you say that due to climate change , man made global conflict and of course diseases , we should be spending more on Singaporeans. It means last time during the Asian financial crisis and SARS and the 2008 global financial crisis if by going by your logic, we would be taking more money out than putting in. By doing that I don't think we would have enough for the next pandemic. And you say Singaporeans money is safest in Singaporeans hands?? Sorry you do know that we have the most scam victims in the world right?? It's so easy to say give money to Singaporeans, give money here and there. But if life is that easy, why do other countries not do that? Norway has the biggest reserves yet they don't splurge on their money. You are asking the government to give money when times are getting tougher and tougher. Yes to a point I agree that there should be policies to help but that doesn't mean we spend more than we need? It's like you want a 10k lifestyle with a 3k salary. Instead we need to figure ways to increase the reserves so there can be more disposable income to spend on the people. In addition , giving people money stimulates the economy and helps Singaporeans but at what cost? Government money is tax payers money and if you decide to help the people today means future generations may not enjoy the benefits or even have to suffer. Don't believe me? Look at Malaysia and what happened to their chicken , fuel , electricity subsidies. There's removal of them because the government is losing money. They have reserves but how long can it last? This will happen to Singapore albeit we will last longer if we spend more than we earn. And then who you will blame? Govt again.
@leexianlong6855 Having lived abroad, I can only tell you how fortunate we are to have d current govt. No govt is perfect, neither are the citizens. I'd rather see money be saved for a rainy day dan for it to be squandered by an entitled undeserving minority.
Do it the prudent way. If not the current and the future generations of Singaporeans will suffer. Look at those countries that are bankrupting! See how much their people are suffering!
LHL's history lesson on how Singapore's reserve worked in the past and using it to justify excess savings for the future is invalid. In the past, ministers and government officials were mostly "white" under LKY. In the present, corruption is rampant under LHL. Corruption can be seen everywhere from Cabinet minister(allegedly for now), SPF, SCDF, NLB, LTA, and the list goes on. Singaporeans do not want to be in a position where they save diligently for rainy days, but only to realize the money is gone when crisis hits. Keeping the amount of reserve a secret is no longer strategic to prevent an "attack" on the reserve, but a risk to be borne by all Singaporeans that some corrupt government officials may "raid" the reserve for their own benefit through corruption or outright misappropriation. In addition, many other factors justify the need for more spending today. From the lack of climate change action, low fertility rate, man made global conflict, to rampant corruption in the PAP government. Any of these events can have irreversible impact on society, thus invalidating the need for long term savings. What is the use of having so much reserve if we're all dead? In summary, Singaporeans' money is safest in Singaporeans' pocket. Each one of us can best decide on how to best spend our own money to maximize utility. Do not trust PAP. Do not vote PAP. Vote for opposition if they campaign on constitutional changes and increase government spending
@leexianlong6855 You got like, 30% valid argument... but its alright! To each their own. One day, when covid or huge financial crash, you got retrenched and lose your job.. realised, you didn't save enough or you are no longer qualify for the usual jobs you do... don't come begging for help... cos... you don't trust govt
We are so fortunate to have a prudent govt that foresees the future and we are so grateful to Mr LKY and his team to build a prosperous spore . We do not want to take all these blessings for granted.
Many from overseas are so appreciative and envious of our good and honest government . We must not forget Mr LKY for all his vision , foresight and hardwork to build a prosperous and safe spore and for the present govt to continue his good work. We must work together. No one is perfect but unity is strength.
@@susane1950 you are right, that’s the past….except imho, the current G is somewhat different, and the oppo is doing exactly of not taking things for granted…
It is clear that the oppositions' only ability is to use more of our own savings meant for rainy days than to think about making more money externally. All they talk about is how to carve up the piggy bank. I almost never hear them discuss about innovative ways to be more competitive to make more money. Always come up with sob stories and excuse to spend more money we have set aside for emergencies. Look no further than Malaysia. One dumb move to let people touch their own piggy bank (EPF) now immediately got retirement crisis.
but let's also be clear that this motion is brought forward by PSP, and they do NOT represent all Opposition parties in SG. Clearly, there is a difference in quality amongst our Opp parties...
Listen to opposition until sian. Macam only they have a conscience. Take out money from reserves help this help that. Government didn't use reserves during pandemic ah? So easy to talk about how to spend, and spend more. LMW and PS, any suggestions on how to make more? Malaysia is broke now because of their neverending subsidies until no firepower left to even prop up the ringgit. Citizens have to ownself save ownself withdrawing their EPF now not enough money to retire.
I am going to be 70 years old. I believe the country’s money reserve is solely the ruling government’s discretion. You do not need to tell others how much money you have saved for your family. It’s confidential. If you insist to know, have the brains to run the country. Don’t throw stones to score points.
I’m also very satisfied with PAP government’s performance. SG’s sovereign funds are in the Top 10 among oil-rich or bigger country-counterparts. That is really incredible. On the other hand, the Opposition politicians have every right to score points with any means. Crucially, it is individual Singaporeans who must analyse on their own and not be scammed by attention-seeking opportunistic Opposition politicians.
PAP is doing a good job guarding the reserve honestly. Oppo trying to score political points to draw down the reserve is not doing any good to the country
If Singapore start drawing more reserves and perpetual deficit spending indefinitely, your SGD will become like MYR very soon, mind you, you dont have natural resources like oil or gold!!
I don’t think the oppo is asking to draw on reserves perpetual indefinitely. I believe what they are Saying is that, if what LHL claimed that we are still making the returns, than spending on citizens is not wrong. Unless the G Knows we don’t have a lot of local bred citizens? Or mostly imported because of their FT policies? So, they doesn’t want to spend money on them? Really, no one can tell….
Are the reserves audited and if so how often and does the company doing this independent in every form and manner and chosen through by a group of individuals with good references who do not hold any relationships or family ties with any Political entity or their families however near or distant. 2. How often are these carried out and are the results again audited and certified them as true and accurate with no concerns or reservations whatsoever. Members of the Public who show interest in wanting to know or doubts should be given the opportunity to attend the session and given some airtime to air their views and concerns as well
In the book Animal Farm, we read how the chickens and the ducks wanted milk added to their food, and everyone also wanted a share of the milk. Then the pigs told them such a trivial matter should not bother them. Just leave it with the pigs. The moral of the story is that it is not up to you to know how much is in the reserves. The pigs will take care of it.
@@martinmisty866 The opposition parties are either short-sighted or they say things that some people like to hear so that they can garner more votes in the next GE
It is easy for opposition parties to do any proposal to gain political score point and think about it who ha been labouring to build our country’s next egg all these years. Why some people are so eager to emptied our country’s next eggs
I am a highly educated Singaporean and I have been living overseas for more than 36 years. Nonetheless, I am a product of the PAP government - proudly so! The wit and the integrity of the PAP government provided me with a great education and a strong work ethic. I have benefitted from the choices made by the PAP during my formative years in Singapore. Keep growing the reserve so that future Singaporeans can have the privileges that I received from the responsible PAP fore fathers.
I see... so your parents abandoned you or disowned you? You sound like PAP brought you up. So much so you went far away for 36 years and contributed so much for Singapore. 😂😅😂😂
@@harisomakantan6168 I was not abandoned but given wings to be all that I could be by my parents and the leadership of the PAP government. I attended elite schools and NUS and received scholarships to attain three additional degrees including a Law degree. I hold a highly paid job because Singapore and my parents taught me the value of being an independent and self-reliant individual; to be present in the moment and simultaneously future focus. My affection for Singapore and the PAP government is not based on party rhetoric but lived experience of the effectiveness of the PAP government to continuously deliver more than it promises election after election. To the haters of my initial post - if Singapore is so unpalatable than you should try living in a less spectacular country 😁
Financial crisis were and are usually manipulated by major financial group of ill intent people behind the scene. Currently the China and US have been undergoing finance warfare where China is protecting its economy from being manipulated. Malaysia had became financially collapsed in great debt due to manipulation collapsing its economy through stock investment warfare. Thus, having stronger financial reserves is essential in small country like Singapore, it is only enough when the world goes into barter trading through commodities rather than money 😅
Reserves are meant for emergencies not helping poor citizens. Don't know how make $$, eat simple..towgay fry with eggs with rice also can fill the hunger..
The problem is people don’t see how much the govt is doing. Everything taken for granted. That’s why kpkb like you. I like what the PAP said. We don’t have a safety net system. We have a trampoline system. Govt will help you get back on your feet. But you yourself need to put in effort too.
@ohleemartin7184 . This govt is doing the right thing by using the reserve prudently for rainy days n helping the less fortunate with its generated funds
@@TheManabopo I agree, there is a saying "One does not know what a good apple taste like if one does not have a rotten apple". IF you eat a good apple everyday you won't know you had it good as you never tasted a rotten apple.
“An inheritance gained hurriedly will not be blessed in the end.” Think twice, heck, thrice-thrice and more, if you want to go down that path.. personally, and nationally..
Agree. That's why the Chinese saying of "福不过三代" (prosperity doesn't get past 3 generations) is very real and our govt is trying very hard to prevent that. It is important not to only cater to voters needs but also to non voters needs. The opposition is only concerned about their party and what will make them popular. It is important to look past the party and do what is right, even though it may seem to harm your party or be unpopular. That's the hardest thing for a politician to do. Any politician who can do that has my vote.
LHL's history lesson on how Singapore's reserve worked in the past and using it to justify excess savings for the future is invalid. In the past, ministers and government officials were mostly "white" under LKY. In the present, corruption is rampant under LHL. Corruption can be seen everywhere from Cabinet minister(allegedly for now), SPF, SCDF, NLB, LTA, and the list goes on. Singaporeans do not want to be in a position where they save diligently for rainy days, but only to realize the money is gone when crisis hits. Keeping the amount of reserve a secret is no longer strategic to prevent an "attack" on the reserve, but a risk to be borne by all Singaporeans that some corrupt government officials may "raid" the reserve for their own benefit through corruption or outright misappropriation. In addition, many other factors justify the need for more spending today. From the lack of climate change action, low fertility rate, man made global conflict, to rampant corruption in the PAP government. Any of these events can have irreversible impact on society, thus invalidating the need for long term savings. What is the use of having so much reserve if we're all dead? In summary, Singaporeans' money is safest in Singaporeans' pocket. Each one of us can best decide on how to best spend our own money to maximize utility. Do not trust PAP. Do not vote PAP. Vote for opposition if they campaign on constitutional changes and increase government spending.
Our lives are so good right now that productivity decreases. When the overall productivity decreases as a nation, it is natural that living cost rises / salary don't rise as much. Ask yourself whether you are willing to work 12 - 14 hour shifts under the hot sun. If you are not, then don't ask for a raise. Dont eye on the money which our forefathers saved for us. We earn our own money.
Kudos, Singapore. You boast a commendable leader-truly exceptional, adept at strategic thinking and efficient execution. Contrastingly, the disheartening state of affairs in Malaysia reflects a stark absence of such visionary leadership. Our leaders and politicians seem destined for mediocrity, steering the ship toward an inevitable descent into incompetence.
Continue to guard what is right for the future generations. Opposition voices on the social media could be foreign countries trying to disrupt the decades of prosperity Singapore is enjoying or some self entitled strawberry generation who wants to take the easy way out.
Our forefathers were willing to work and grit their teeth in the tough times. But many citizens nowadays just want an easier life now, and the hell with the future.
The narrative is that the PAP is prudent in husbanding Singapore’s reserves, unlike the opposition who are looking to squander the reserves. The PAP even wants to set land aside for “people not yet born,” and never indulges in profligate spending.
I have a view eventually it will collapse and absorb by Malaysia in 300 years. No guarantee investments and jobs will come in when China, Vietnam, Malaysia improving day by day. No guarantee Krai canal won't be build to bypass Singapore shipping route. No guarantee Lawrence's successor and beyond will be as strong.
Opposition is to make Singapore a better and cleaner place. Not keep asking about reserves. The children are only helping out alittle towards the already well built family, yet they are asking for the amount of saving the parents and grandparents had built up. Sound ridiculous right?
Singaporeans shouldn't need to worry too much how big their reserve should be, but rather who is in control of the trust fund .Fortunately you already have a PM who can think several steps ahead of most people and many leaders in managing Singapore's finances.
Maybe prime Minister Lee Hsien Loong should be able to thoroughly Dropping political domestic viewers on plungering the wonderful Ang Mo Kio Public viewers from Ang Mo Kio G.R.C😂!CNA!
It is true that we should spend within our means. But when the means is unable to make ends meet due to critically high cost of living, so what happens?
Yes Reserve should be Spent when Necessary.... But WP has requested the Singapore Government to distribute GIC Profits instead. Singapore Government spent part of Reserve on Covid-19 .... Being Approved by Former SG President Mdm Halimah.
Well Done Singapore 🇸🇬… Why I say this as a malaysian is though not entirely perfect & no one nor no nation is, you have been & are Blessed to have leaders who were & are pragmatic, honest, resilient & dared to stand for truth, justice, righteousness, excellence & meritocracy… May you continue to be a shining beacon for all the world to see … Though many may deny it, but many in Malaysia too have desires to be as successful as Singapore someday … For our children & our children’s children ..,.
Really adore PM Lee's jacket. it reflects his stature & maturity but cool at the same time :) whoever his stylist is (if there is any), deserves a raise.
I am always for building more reserves, but I think what the opposition is trying to propose is to slow down the rate of accumulation of new reserves when the population is facing difficulties. This is not the same as drawing down on past reserves, or is it?
How slow is slow? We can’t control the pace of change (good or bad)…be real. That what LKY team has done and it benefited us and future generations. Thank PM!
Do they have enough statistics to prove how many people are suffering? Do they know the reason some people are suffering? They are merely generalising and taking the opportunity to show people that they have the heart for them and are speaking up for them.
@@yoyolexyDon’t know about the wider statistics but I was retrenched sometime back. Does that count? I thank Mr Leong for speaking for people like me. Better to speak up here than to put everything to the polls like what PM Lee suggested.
Slowing the accumulation means less reserves compared to if it was not slowed so it will be the same as spending reserves, in fact its worse its spending ahead. If you slow once, in future more proposals to slow will happen. Before you know it, the reserves are not growing enough, by then its too late. I feel the discipline to safeguard the reserve should remain
@@Diderot68It is unfortunate that you have been retrenched. So what are you expecting from the government? Didn't you save money for a rainy day like that? People must plan for themselves. There are people who spend like there's no tomorrow and start blaming the government for the rising cost of living and gst hike. I personally know two people who were retrenched immediately becoming private hire drivers. I also personally know a few people who have been retrenched, are not able to find another job of the same pay and position blaming the government and whining about foreign talents taking away their job. There is no doubt that there are foreign talents in Singapore but there are also many locals holding high level positions. If we are not one of those, we can only blame ourselves for not being capable enough.
NIRC = 20%1/5 annual budget spending = 3.5% GDP, MOF just sit there and wait for that amount to arrive -& Don't have to raise taxes don't have to collect fees, they just have to make sure Temasek GIC run properly & every year you should be able to get this 3.5% GDp from the NIRC, so anyone got any comment on this ???
WHY ARE THE OPPOSITION SO EAGER AND ENTHUSIASTIC IN KNOWING THE SIZE OF THE RESERVES. OF COURSE, THE GOVERNMENT WHO HAVE BEEN RULING IN SINCE INDEPENDENCE AND SINCE SECESSION FROM MALAYSIA, have every right to not reveal is the right way and thing to do. So the Opposition should just be that, the opposition. If and when they succeed to form the Government, they will find out for themselves!!!!!!
Funny some comments here are, firstly how can one raid the reserve when they dun even know how much is in it.. Govt say they got trillion, who is justifying that? Opp only ask for estimation, reserve is secret yes but no one ask u for full sum ..without information some genius suggested that opp should come out with better ideas..come on without info/data..how can anyone do their job.And in worse scenario one hero minister or LOH will threaten to sue or COP when u speak something without facts to back. Some white die hard say this govt is always forward thinking, ur only partly right..In my view, they think way too far that they are pulling in millions of foreigners to our small dot just to fulfill their kpi of GDP growth annually. We are basically fake rich in many countries view, some of our very own true born sg ppl are struggling to keep pace with the ever growing cost of living..and yet beloved govt not only increased our gst but also make every single thing price goes up..think for future?? i think one should think of current first solve the struggling and middle class concern before u think of future..You dun achieve anything when u overthink and dream too far( a fact by a renowned dynasty king).
Have we had new Oppo? Stop asking for money and dig Reserves. Please focus on allowing the people to build self resilience, not full reliance. Like a brag. Learn faster pls.
So many islands in Singapore region and yet none of them can use for manufacture & plant!!! Most of all Singaporeans university graduates cannot even become the head of an company mostly all are eurasian and American! This will not stayed long! Take for granted too long!
GST raised 9% ...can the government urge increases of food and others to 9% or less? All things gone up more than that ....even veg rice and coffeeshop food ...all increase like no body business
Are you sure ? if by what you are saying we should be experiencing GST of about 17& (8 + 9). Please improve on your comprehension before making a FOOL of yourself ! There are a lot of issues contributing to inflation, some due to high interest rate, and other external factors like higher shipping and production costs etc. Oh wait, your statement is meant to GASLIGHT !
The govt policies supporters tend to think about 'us', which explains why they are willing to endure some hardship for future gens. The oppie supporters tend to think about 'me', so policies should not allow 'me' to suffer. Just my broad way of seeing things.
Not wrong, Govt supporters is more about the "people" while opposition supporters are more western mindset that puts their selfish "me" into practices. Well the western world is full of "me" thinkers, see how they are doing now. You can't expect a society where everyone to care solely about themselves to thrive.
@LonganLee totally no comparison, sg isn't under oppie policies so there's no reason at all for me to leave sg. Your comment simply shows the lack of logic that many oppie supporters possess. You self own, I didn't do anything other than point it out
@@ivancen5020 you still not educated that you have no right to tell people to leave SG. Democracy is if I not happy with pap vote against. Opposition can still have their MPs even if not form the gov. You clearly proven you don't understand this democratic right I have. Without GRC you become the minority? Don't be a laughing stock to the world by saying all opposition should leave SG since they disapprove gov. You only show bigotry and dictatorship inclination. First you need to change SG constitution to disallow human rights to disapprove gov and democratic rights to kick gov out using the powers bestowed to vote them out under a system of democracy. Until then, you have no right
Here we go again. Cannot tackle things head on.... always must have history lesson. The younger generation will be asking these questions soon as all the costs rises in Singapore. PAP really wants to be a outdated party with no imagination. It seems like opposition parties are winning because they are asking educated questions and PAP always defensive using words like "raid", "rougue" and many superlatives on opposition, who are also Singaporeans. To call them names is as good as calling Singaporeans who elected them the same. PAP needs to taught some humility in governance. I do not when they will engage in a proper manner with Singaporeans. With much corruption and scandals under the PM's watch, he should be more concerned about his party members. You can't hide behind LKY's pants. He was a good leader and made transformative moves for Singapore. Can't say the same about LHL. If not name one... The PAP house is crumbling, the speaker of the house having affair with an incumbent MP, Iswaran corruption scandal, Shanmugham and Vivian Balakrishnan under probe and being investigated. PAP is losing it. Better buckle up or young smart people will rise up as opposition like Jamus, who is well liked by both PAP and opposition. If we have 5 Jamuses in the opposition PAP will have to work hard to actually earn their millions. Knowing what we own as Singaporeans, will and can only make us better and give confidence as a nation. Stay relevant PAP, don't sleep on the job and then make excuses.
what if there is a transition of the current ruling government , and the taking over party would have an issue to takeover , in Singapore would be a major issue . How do we audit ?
Singapore has lost its way . A grave misstep . Going after their own minister and entrepreneurs in a flimsy manner is the Jack Ma moment of Sg. A slow and steady decay follows.
We have to take very good example the PM of Singapore mr lee ......not those looters running in somalia. From towns to district is running by criminals!! Subxaanalaah.....war xageed u socotaan adeer akhiro miyaydan aamin sanayn ?
Talk so much about uncertainties but what have you done? Shouldn’t SG be strengthening her reserve? Why can’t we save 60% and spend 40%. We want to help the poor. WP has unified opposition supporters. We are ready to lift up every poor family members but PAP not ready. Our cockles are already boiling hot! We should just steeply increase taxes as long as we redistribute fairly to the underprivileged. 18% GST is nothing as long as we redistribute. How come never increase Service Charge? Our rich minsters unwilling to pay more for their cars, bungalows, restaurants dining…
We hope Mr Lee Hsien Loong will retain his position as Secretary General of PAP after he steps down as PM. The next general election is likely to be the worst for PAP since independence. The opposition, while retaining their current 10 seats, could win another 19 seats more, with PAP losing West Coast, East Coast, Nee Soon and Holland GRC. Lawrence Wong's Yew Tee GRC may see PAP 's votes fall below 55%. This GE scenario will delegitimise Lawrence Wong as PM, necessitating a replacement. This is why Mr Lee HL should retain the most powerful position in the party to help Singapore get out of the imbroglio. Mr Lee as PAP's General Secretary, together with Tharman, as the country's President, can work together to resolve the problem.
The government increase tax 1-2% and the businesses increased tenths to hundred % , so what is enough of those businesses, where these business people can’t bring along their money after they died. Look at the tycoon that has passed away, even it body also not their own 😅
I also hide here and there with small money see where i can find a safe place 😂i enjoy sir, no education got cert also rejected, working as toliet cleaner till today also get bully mentally, my cert can throw inside bin😂
Dear sir/or madam, it is hard work, I'd rather work alone, over 17 hundred workers trading dollar, sir loum his president, his families grater attachment letters, tousan everyone,
Many viewers here miss the pritam point : he is saying if the government should review the spending on reserved earning portion of half of the NIRC net investment return , instead of raising the gst 2% to fund the spending ! Raising the gst instead of review of increase the NIRC portion to put into fiscal year revenue, is like putting extra burdens on the present singaporean and saving extra for the future . That's why everyone is feeling the raising cost of living now !
