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Govt Promises Spend $3 billion on elderly, 30 times increase

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  • SJS6638's Avatar
    5,614 posts since Nov '11
    •  

      http://www.allsingaporestuff.com/article/govt-promises-spend-3-billion-elderly-30-times-increase-spending

      GOVT PROMISES TO SPEND $3 BILLION ON ELDERLY, A 30 TIMES INCREASE IN SPENDING?

      Submitted by farhan on Mon, 31/08/2015 - 8:42am

      According to the Strait Times news report ”$3b plan to help seniors live more fulfilling lives” (Aug 27) - “In a push to brighten the golden years, a $3 billion five-year plan will give Singapore’s seniors opportunities to learn, volunteer and live independently, well after retirement.”

      Elections timing?

      The timing of this announcement may be rather uncanny, given that the elections are just days away.

      Only spent $100m last 5 years?

      As to “There have been similar government-initiated plans for active ageing in the past, for instance in 2010, when $100 million was set aside to keep seniors healthy and involved in their communities” – does it mean that we only spent $100 million in the last five years?

      Promise to spend 30 times more next 5 years?

      And now we are promising to spend 30 times more ($3 billion) in the next five years?

      Lowest government spending?

      In this connection,  according to the Economist magazine (Sep 27) – Singapore seems to have the lowest government spending in the world amongst developed and developing countries – “(in) Denmark, government spending runs to nearly 60% of GDP. More diverse America allocates just 39% of GDP to government, in polyglot Singapore the figure is just 14%”.

      Only 3.5% of GDP social spending?

      According to the article “Asia spending too little on poor: Report” (Straits Times, Jul 12, 2013) – “Singapore spent 3.5 per cent of GDP on social protection, which includes the Central Providend Fund (CPF)This was far below the 19.2 per cent by Japan and 8 per cent spent by South Korea, the only other high-income countries in the study.”

      If exclude CPF, even lower spending?

      “As CPF is not spending by the Government, but essentially the people’s own savings – Singapore’s social spending may actually be even much lower than that cited in the subject report” (“Singapore spends the least (relatively) on social spending?“, Jul 12, 2013).

      $24b cash budget surplus?

      In this connection, the estimated cash Budget surplus under IMF fiscal reporting guidelines is more than $24 billion for FY2014.

      Leong Sze Hian

      - More at AllSingaporeStuff.comhttp://www.allsingaporestuff.com/article/govt-promises-spend-3-billion-elderly-30-times-increase-spending
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    • Mr Clive, Good news for you.  PAP loves senior.    hahahah, kong chio nia !

    • Some people asking if this is bribery.   They so hard up for votes from old people.    Hope those old cardboard collectors vote for opps.

      Any way, we will continue to educate old people about the "credibile, honest" party.   Some are not foolish like those 60%, they know and are well aware of the latest happening, those "projects" by pap.   hahahahah.

  • ditzy's Avatar
    68,869 posts since Dec '03
  • SevenEleven's Avatar
    7,462 posts since Aug '05
  • charlize's Avatar
    31,782 posts since Mar '05
  • bobbybouche's Avatar
    5 posts since Sep '15
    • I dunno about you guys but when the PG package came out my family was very excited. My uncle was 79 years old and Frequently went to hospital for mild bouts of diabetes or other health issues. The way it was publicized was that everything was subsidised, imagine how they all felt when told it's not. The medical facilities used most by the PG is the hospital and espcially the A&E and in cases of the elderly you bring them their for nearly everything. My uncle felt so hard done by, seemed like it was a gimmick. He slogged away for more than 50 years and felt when he needed the government to help him the most they didn't want to provide what was neeeded.  

  • βέτά's Avatar
    2,497 posts since Jan '10
  • minx's Avatar
    858 posts since Sep '15
    • Originally posted by βέτά:

       

      GST increase 10% to help the poor & elderly. Laughing  

       

       

      9%

       

  • Hejiawei4's Avatar
    9 posts since Sep '15
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