Actually, why is the PAP obsessed with having a budget surplus?

[Rosanjinz]

I mean, so many countries in the world, including the largest countries like China, USA, Japan, etc are all not even obsessed with it.

 

[carlongerdidu93]

Prof Donald Low explains we actually have sufficient surpluses for rainy days. The issue is the govt obsessions with surplus accumulation.

The issue is our govt's obsession and policy for surplus accumulation which at a time when our population is aging, we do not need to accumulate so aggressively.

The full video is here. Good watch for those interested.

 

[Bardiel]

bcos of invory tower? ivory tower need feed alot of jiak liao bees

 

[hawkwind]

Why TS try getting maxx out on his CC limits pay the minimum for a year and come back and tell us if he has the same feeling.

 

[PAP4ever]

arbo where to find monies for jinxy to play with?

 

[Hot_Dog]

Amazing to even ask such a question. Do they live paycheck to paycheck wib no savings in their lives? Seems the ginnas study so much but cannot even understand basic principles riao.

 

[tuxguy]

Need more money to throw into stuff like FTX

 

[HeiHeiHei]

https://www.channelnewsasia.com/sin...government-framework-benchmark-update-4035176

Already deferred in 2023 liao

 

[coolmyth]

What’s wrong with collecting more money?

 

[Dongbalek]

alternatively, just issue more bonds like the US

 

[Rosanjinz]

Why TS try getting maxx out on his CC limits pay the minimum for a year and come back and tell us if he has the same feeling.

there is a different between having a surplus and having excessive surplus lei

 

[zueinder]

Cause most of them have no idea how to run things. They are accomplished individual taskers but close to none of them actually have an proven records of actually running things to scale with ability to adapt to adverse situations.

So a surplus is an idiot proof way to shield themselves even though it shortchanges the people. But being forever in charge has its benefits of rewarding complacency.

 

[wwenze]

Because unlike USA, Singapore reserve is hidden from public.

 

[daveteo88]

I mean, so many countries in the world, including the largest countries like China, USA, Japan, etc are all not even obsessed with it.

Trump raise tariff on all countries and the problem solved.

 

[Hot_Dog]

Also huai always rike to compare wib larger nations wib moar resources and can be self sufficient leh? Tell chiu huat, when chiu can make SG self sufficient then we can fcuk around rike the larger nations hokay?

 

[hawkwind]

there is a different between having a surplus and having excessive surplus lei

Most years we dun have excessive surplus. If norm in OECD is 3% deficit then it's about right for us the other way as well. We have huge reserves which is a totally different thing.

 

[weng0202]

there is a different between having a surplus and having excessive surplus lei

The next question will be how much then is excessive?

 

[Rosanjinz]

even Norway, which has the largest SWF in the whole world, has a budget deficit lei, even though their population less than 6 million

 

[daveteo88]

Cause most of them have no idea how to run things. They are accomplished individual taskers but close to none of them actually have an proven records of actually running things to scale with ability to adapt to adverse situations.

So a surplus is an idiot proof way to shield themselves even though it shortchanges the people. But being forever in charge has its benefits of rewarding complacency.

We shd hire retired ministers from other countries because when they come in, first day already got experience running things.

 

[Hot_Dog]

even Norway, which has the largest SWF in the whole world, has a budget deficit lei, even though their population less than 6 million

Norway hab oil and natural gas leh. hab timber to build house, hab fishes to makan.