Budget Statement 2006
Prime Minister/Finance Minister Lee gave his annual Budget Statement for FY 2006 yesterday. Read it over the net, together with the webcast. Every generous indeed. Giving out its surplus of back to its citizens and in turn taking on a budget deficit of 2.86billion.
I'm most glad that in this budget statement, the people who benefitted most are those from the lower strata of the society. The focus is not only on coporate tax relieves and GST exemptions for foreign investors as of previous years, but more of a social cause, putting emphasis on the low income earners and the aging population.
I see that this is a very high cost election strategy adopted by the government to gather votes. The general elections should be held anytime between now and 1st May 2006, I predict.
Quoting PM Lee,
"We are also investing more in our universities. The Government aims to have 25% of each primary one cohort enrolled in publicly-funded universities by 2010, up from the 21% in 2002. To fund the additional places and invest in new physical infrastructure, MOE will allocate an additional $2 billion to the university sector over the next five years, or an average of $400 million each year. By then, Government investment in our three publicly-funded universities is expected to reach $1.9 billion annually, or 1% of GDP".
2billion shared by 3 Universities in 5 years, which accounts to 133million to each University. Raising the fee by $180/student/year will only increase total revenue by 18million in 5 years. What is 133million compared to 18million? What then is the rational of the fees hike?
If anyone had read the Provost reply on Straittimes wrt the 2 articles on forum yesterday, it takes more effort than just a cut and paste from the circular we received from the President of NUS himself.
Alright, enough of fees hikes, let me see, with this budget 2006, I will be S$900 richer on the 1st May 2006. Lolx.. See! Thats why I say, it caters most for the lower income groups, me being an undergraduate with an annual income of $0.00, living in a crap hole down Jurong, will be receiving most from this package.
I got back my Abnormal Psychology Quiz 1 results last Wed. I got 72 out of 75. Thought it was fantastic initially, not until I scrolled all the way down and saw, Mean: 67.9, Standard Deviation: 5.54, which means I am average, just that Im in the higher percentile thats all. I think there is 1 person who got 75/75. Outstanding! But anyway, I think I did good enough! Hecks! =)
Tommorow evening going for NTU Hall 15 production, Melissa is in the cast. We are down to support her!! Think it will be great! I can also write a play review for my Theatre Studies afterwhich!! Lolx..
I'm most glad that in this budget statement, the people who benefitted most are those from the lower strata of the society. The focus is not only on coporate tax relieves and GST exemptions for foreign investors as of previous years, but more of a social cause, putting emphasis on the low income earners and the aging population.
I see that this is a very high cost election strategy adopted by the government to gather votes. The general elections should be held anytime between now and 1st May 2006, I predict.
Quoting PM Lee,
"We are also investing more in our universities. The Government aims to have 25% of each primary one cohort enrolled in publicly-funded universities by 2010, up from the 21% in 2002. To fund the additional places and invest in new physical infrastructure, MOE will allocate an additional $2 billion to the university sector over the next five years, or an average of $400 million each year. By then, Government investment in our three publicly-funded universities is expected to reach $1.9 billion annually, or 1% of GDP".
2billion shared by 3 Universities in 5 years, which accounts to 133million to each University. Raising the fee by $180/student/year will only increase total revenue by 18million in 5 years. What is 133million compared to 18million? What then is the rational of the fees hike?
If anyone had read the Provost reply on Straittimes wrt the 2 articles on forum yesterday, it takes more effort than just a cut and paste from the circular we received from the President of NUS himself.
Alright, enough of fees hikes, let me see, with this budget 2006, I will be S$900 richer on the 1st May 2006. Lolx.. See! Thats why I say, it caters most for the lower income groups, me being an undergraduate with an annual income of $0.00, living in a crap hole down Jurong, will be receiving most from this package.
I got back my Abnormal Psychology Quiz 1 results last Wed. I got 72 out of 75. Thought it was fantastic initially, not until I scrolled all the way down and saw, Mean: 67.9, Standard Deviation: 5.54, which means I am average, just that Im in the higher percentile thats all. I think there is 1 person who got 75/75. Outstanding! But anyway, I think I did good enough! Hecks! =)
Tommorow evening going for NTU Hall 15 production, Melissa is in the cast. We are down to support her!! Think it will be great! I can also write a play review for my Theatre Studies afterwhich!! Lolx..
posted by The Custodian at 2:10 AM
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