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Tag Archives: deficit
Freefall: The world according to Joseph Stiglitz
Singapore is, by common consent, one of the most open economies in the world. Yet, more than 80 per cent of the Singaporeans live in public housing, the buses and trains are run by two government-linked companies, the mainstream media … Continue reading
Posted in Books, Singapore Tagged america, ben bernake, bhutan, deficit, deregulation, development, dollar, economy, education, export, freefall, gdp, global, gross domestic product, happiness, health, iceland, income gap, japan, job, joseph stiglitz, larry summers, obama, reagan, recession, reserve, robert rubin, roosevelt, stiglitz, surplus, timothy geithner, trade, united nations Comments Off
Defence spending 25%, education 21%
Defence gets the lion's share, as usual, of the Singapore budget for the financial year 2010, beginning in April. Education comes second. Defence gets 11.5 billion Singapore dollars (SGD11.5 billion or about $8 billion) — that is, 25 per cent … Continue reading
Resilience Package: A big deal indeed
Singapore boleh! Yes, we can! Hope and audacity mark Singapore’s 2009 Budget just as they marked the Singapore’s sovereign wealth funds’ investments in the troubled banking giants Citigroup, UBS and Merrill Lynch. The 20.5 billion Singapore dollar ($13.6 billion) Resilience … Continue reading
Posted in Singapore Tagged budget, deficit, economy, goh chok tong, jobs credit, rebate, recession, reserves, Resilience Package, special risk-sharing initiative, stimulus, tax, tax cut, Tharman Shanmugaratnam Comments Off
Singapore worried about money flowing overseas
Singapore’s Prime Minister Lee Hsien Loong made a rather puzzling remark about why Singapore, unlike other countries, cannot stimulate the economy by raising government spending. Channel NewsAsia.reported: Mr Lee said: "In a big economy, you can boost consumption. The government … Continue reading
Posted in Singapore Tagged balance of payments, deficit, economy, government, lee hsien loong, prime minister, spending Comments Off
Singapore balance of payments shows deficit
Singapore now has a deficit balance of payments like America. Money is flowing out of the country and there is a deficit of 2.1 billion Singapore dollars ($1.37 billion). Last year Singapore had a balance of payments surplus of 29.2 … Continue reading
Posted in Singapore Tagged balance of payments, deficit, industry, ministry, singapore, third quarter, trade Comments Off
