Voodoo Vince

Opposition MP questions gap between expected budget deficit and final surplus
By Chio Su Mei, Channel NewsAsia | Posted: 25 February 2008 2110 hrs



SINGAPORE: Opposition MP Low Thia Khiang questioned the gap between the initial projection of a budget deficit of S$0.7 billion and the final reported surplus of S$6.4 billion in Parliament on Monday.

Speaking in Mandarin, the MP for Hougang said this reflects the government's inability to project the nation's financial status accurately, which he said is a cause for concern.

But now that there's a surplus, Mr Low argued that the government should use the funds to counter rising costs, and also lower the GST to help the lower income group.

Responding to Mr Low also in Mandarin, the MP for Yio Chu Kang, Seng Han Thong said the government has always exercised prudence, and any budget surplus, is always good news.

Mr Seng rebutted Mr Low's view that not enough has been done to help the needy.

He pointed out that a low-income family could receive as much as S$3,200 in subsidies under the 2008 Budget. -CNA/vm

http://www.channelnewsasia.com/stori...331042/1/.html

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People don't plan to fail... They fail to plan.

TotalNV

as always.... opposition is there to oppose the parliament, so well... hehehe... for show nia lah... u think so easily can convince the govt one meh?

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