26-06-2014, 05:14 PM
(26-06-2014, 04:49 PM)freedom Wrote:i think many local economists do not agree with the way our G does its sum. (Which can mean that our Annual GDP surplus should be more). i am quite sure of that even though you have asked me who is just "a-man-in-the street" who know nuts about how the G does its sum.(26-06-2014, 04:40 PM)Temperament Wrote:(26-06-2014, 04:33 PM)freedom Wrote: Temasek is such a small part of the Singapore government, yet, it often seems that the only income of Singapore government is from Temasek.Ha! Ha!
No. The major income of Singapore government is from tax. check the 2014 budget.
http://www.singaporebudget.gov.sg/budget...iture.aspx
Out of 59.51 billion revenue, 13 billion comes from corporate income tax, 8.8 billion from personal income tax, 10.1 billion from GST, etc.
How much does Temasek contribute to government revenue? net investment return contribution(I believe most should come from Tamesek), 8.1 billion.
It seems our CPF's interest rate should be better soon. No? Especially it's really for our retirement and not so many other , other things like housing....etc..
Not necessary. check the expenditure of the government.
http://www.singaporebudget.gov.sg/data/b...diture.pdf
table 3.3
11.5 billion to be spent on education, 7.1 billion to be spent on health, 12.6 billion to be spent on defense, 4.2 billion to be spent on home affair and 6 billion to be spent on transport, etc.
I am not sure whether any of the major expenditure should be cut so that the CPF return should be better.
What do you think of it?
But i know the number of years of our G's GDP surplus is beyond imagination. We are that rich as far as the G is concerned.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.