Singaporeans Hope Government’s Surging Revenues Will Flow Their Way

CNBC
Singapore is set to report a record budget surplus of S$6.4 billion ($5.1 billion) on Friday, boosted by surging gambling tax revenues. But when Finance Minister Tharman Shanmugaratnam gets up to make his speech in parliament at 3:30 pm local time, Singaporeans will be hoping he will send some of that surplus their way
Gerald Tay, a 33 year-old financial planner who works for a multinational bank said he hopes the government will increase subsidies for the poor, while also lowering the goods and services tax (GST) of 7 percent. Full story