Finance Minister

RAISING OF TAXES IS INEVITABLE, 70% VOTED FOR THIS

But investments and social spending are costly, and the Government must make sure it can afford them, he said. Speaking to about 2,000 activists at the PAP convention, Mr Lee said that while Singapore has enough revenue for this term of Government, spending has been going up and must rise further. And as Singapore’s spending needs grow, he stressed that Finance Minister Heng Swee Keat was right when he said that raising taxes is not a matter of whether, but when.

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ACTIVISTS TO ORGANIZE PROTEST AGAINST WATER PRICE HIKE @ HONG LIM

When finance minister Mr Heng Swee Kiat went to deliver the budget speech in Parliament, many people were relieved to know that the minister has finally recovered from his horrible stroke and ready to serve the country again. But the welcoming relief soon turned to shock as the minister drops a bombshell by announcing a 30% price hike in our water pricing.

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BUDGET ANNOUNCEMENTS TODAY, SO GOODIES NOW, END OF YEAR PRICES GO UP AGAIN?

The Finance Minister will definitely name you handouts, that will cover Singpaoreans from all walks of life. But, how long before the sweeteners got turned into other price increases? Already ERP charges going up in several areas. Service and Conservnacy Charges also going up. So, next, our public transport fares also going up? After all, many people are happy with the public transport, right?

Only thing you can be sure of is this. Your salary, even if they do go up, will be minimal compared to other costs rising around us. This is Singapore.

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