Daily Archives: 2008-02-18

5 Minutes With… Leong Sze Hian on the budget

With reference to the Straits Times report – Hongbao Budget. Straits Times: SINGAPOREANS received a $1.8 billion surplus-sharing hong bao from Finance Minister Tharman Shanmugaratnam yesterday. TOC: The Straits Times also reported a total surplus of $6.45 billion. Is it true that it is a ‘surplus’? How did this ‘surplus’ come about? Was not the government earlier expecting a deficit? …

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