Sunday, June 28, 2020

On the up and up in Singapore, and crash #GE2020

2 years ago, and 3 years into the PAP's victory in the 2015 GE, the PAP government promised these:

1. Increase in GST rate - from 7% to 9% starting between 2021 and 2025
2. Increase in water prices by 30% starting July 2018
3. Increase airport tax - to build Changi Airport T5
4. Parking charges to be imposed at all public schools
5. Increase public transport fares (as alluded to by Khaw Boon Wan in Parliament in May 2018)

True to form, the PAP government does what it says it will do, baring circumstances like COVID-19 - a once-in-a-century phenomenon.

1. The GST rate increase will still take place between 2021 and 2025, probably later rather earlier. Maybe 2023.
2. Check - done
3. Changi Airport T5 has been suspended because there will not be demand due to COVID-19, so the Airport Tax will not be increased anytime soon
4. Check - done
5. Check - done

What is the state of play in the coming GE 2020?

In 2020, the PAP government spent nearly $100 billion of Reserves to fight the COVID-19 pandemic. Some feel that it could have been less, if only it had dealt with the elephant in the room early on instead of soaking in the adulation of the world about Singapore's success in containing the spread of the virus on the island in the early days. This elephant refers to the Foreign Worker community living in cramped Dormitories, which number no less than 200,000 - a figure hard to miss, but was missed. In retrospect, if we had insisted on masks like what Hong Kong has done all along, a couple of 10's of billions of dollars would have remained in the Reserves, and businesses will still have been able to operate for much of the time.

Going forward, COVID-19 will still hog the limelight, at least for another year. Would more diverse voices in Parliament with teeth be needed to see the country through more successfully and saved us a couple of 10's of billion of dollars? Based on what has happened, the answer must be an unqualified "yes".

Like me at Another Say

No comments :