The government is seeking Parliament's approval for $14 billion more...

[louisoh]

SINGAPORE: The government is seeking Parliament's approval for total appropriations of some S$81.585 billion for its estimated expenditure in financial year 2010/2011.

This is a sizeable increase from the S$67.882 billion it asked for in February last year. The sum comprises about S$55.56 billion from the Consolidated Fund, and about S$26.023 billion from the Development Fund, according to the Supply Bill tabled in Parliament on Tuesday.

Strikingly, with the government's slew of initiatives to transform the economy, the Ministry of Trade and Industry (MTI) is asking for about S$11.591 billion - over S$2 billion more than it did last year, and S$6 billion more than in 2008.

This means its estimated expenditure would, in a rare event, exceed that for the Ministry of Defence, which traditionally takes the biggest share of government spending.

A large chunk of MTI's spending will be on development projects such as the Science and Technology Plan 2010, Tourism Development Fund 2015 and Economic Strategies Committee-related projects. And shooting up by nearly 24 per cent: Land-related expenditure, largely on reclamation projects for industrial land use.

The Ministry of National Development's (MND) estimated outlay also shot up. It is seeking about S$7.144 billion, nearly 1.5 times what it asked for last year - the biggest increase for any ministry. The bulk of the appropriations for MND and MTI would come from the Development Fund.

- TODAY/sc

[pet]

SINGAPORE: The government is seeking Parliament's approval for total appropriations of some S$81.585 billion for its estimated expenditure in financial year 2010/2011.

This is a sizeable increase from the S$67.882 billion it asked for in February last year. The sum comprises about S$55.56 billion from the Consolidated Fund, and about S$26.023 billion from the Development Fund, according to the Supply Bill tabled in Parliament on Tuesday.

Strikingly, with the government's slew of initiatives to transform the economy, the Ministry of Trade and Industry (MTI) is asking for about S$11.591 billion - over S$2 billion more than it did last year, and S$6 billion more than in 2008.

This means its estimated expenditure would, in a rare event, exceed that for the Ministry of Defence, which traditionally takes the biggest share of government spending.

A large chunk of MTI's spending will be on development projects such as the Science and Technology Plan 2010, Tourism Development Fund 2015 and Economic Strategies Committee-related projects. And shooting up by nearly 24 per cent: Land-related expenditure, largely on reclamation projects for industrial land use.

The Ministry of National Development's (MND) estimated outlay also shot up. It is seeking about S$7.144 billion, nearly 1.5 times what it asked for last year - the biggest increase for any ministry. The bulk of the appropriations for MND and MTI would come from the Development Fund.

- TODAY/sc

it's alot, if compare to our relatively small population....

[116520]

If I remember correctly, in econ class, increase govt exp is one of the ways to simulate the economy. Am I right? Darkie.... pls answer this question...

[rh1667]

If I remember correctly, in econ class, increase govt exp is one of the ways to simulate the economy. Am I right? Darkie.... pls answer this question...

I think it is correct IF the govt exp is used for funding infrastructure building that helps companies generate incomeor other project ( like hire more ppl maybe ) ....not when it is use for increase in Salary.
Long time no study liao...ha ha

[pet]

81b/ 4m ( incl pr ) = 20k per pax

if usa spend as much it will be population x 20k ea = 6,000,000,000,000

if china spend as much = 30,000,000,000,000

[116520]

Free daytona for everyone from PAP???

81b/ 4m ( incl pr ) = 20k per pax

if usa spend as much it will be population x 20k ea = 6,000,000,000,000

if china spend as much = 30,000,000,000,000

[caeden]

81b/ 4m ( incl pr ) = 20k per pax

if usa spend as much it will be population x 20k ea = 6,000,000,000,000

if china spend as much = 30,000,000,000,000

Population of Singapore now, is 4.99M...official stats.

But I get what you mean...

[pet]

Population of Singapore now, is 4.99M...official stats.

But I get what you mean...

i count more loh....hahaha

2009 official stats
of the 4.99m
Citizen & PR only 3.7m

Free daytona for everyone from PAP???

buy wholesale, i think can get a sub throw in easily... hahaha ROLEX CO.. 3.7m pcs please !! hahahaha

[DM101]

Election coming I think... these $ to give to the people to "buy us"

[seiko.citizen]

So dont make the same mistake, and vote the party you prefer in

[exxondus]

Govt also know everythg rising so need more money. Hw come our salary still remain stagnent?

Why they expect us to make do with our salary at current prices but they cannot make good with their current budget? So odd.

[wind128]

It either means more jobs or more pay increment/bonus. So it is not too bad right?

[Goemon]

Govt also know everythg rising so need more money. Hw come our salary still remain stagnent?

Why they expect us to make do with our salary at current prices but they cannot make good with their current budget? So odd.

Govt already talking about rising ones productivity. Better not put much hope on pay increment.

[batamboy]

Yes.. have rich fat bonus and increment.. but 4 the garmen body only I think.. So if their fat pay so damn bloody much to last them thru theif few generations, y they nv stand up to set example to the nation , to donate to help the needy during fund raising events on TV?