Tax and not spend in Singapore

By almost any measure, 2017 was a good year for Singapore’s economy. Gross domestic product (GDP) growth hit 3.6%, exceeding the government’s own predictions. While other global countries accumulated eye-watering levels of public debt, the wealthy island state turned in a budget surplus of S$9.6 billion (US$7.2). Finance Minister Heng Swee Keat has proudly said […]