The Singapore budget for the year has been presented. And the surplus is SGD 3.9 billion. That means the government is left with more cash . That means the government has cash to disburse to its Citizens.
As a person who has been tuned to hear ‘deficit’ alone in budgets the world over, it has been a welcome change for the last 5 years when I have been hearing about budget surplus. That doesn’t mean any cutting down of governmental welfare measures. It means the government’s income has consistently been more than its expenditure.
In this year’s budget, the elderly have been adequately taken care of. I spoke to some senior citizens that I know of and they expressed genuine happiness to the slew of measures that the government has announced to address their medical needs.
Well, Saint Thiruvalluvar said that the duty of a government was to identify sources of revenue, earn money from those sources, safeguard the money and then distribute the same to the people according to their needs.
And Singapore government does that admirably well.