Mr Gerald Giam Yean Song asked the Deputy Prime Minister and Minister for Finance with regard to the Ministry’s review on COVID-19 pandemic-related procurement and expenditure (a) what is the total value of expenditure made (i) without quotation estimates and (ii) with single quotations respectively; and (b) for each of these categories, what is the total amountContinue reading “ANALYSIS OF GOVERNMENT’S COVID-19 PROCUREMENT AND EXPENDITURE”
Category Archives: Ministry of Finance
REGULATIONS ON PRACTICE WHERE INDIVIDUALS HOLD MORE BOARD DIRECTORSHIPS THAN THEY CAN HANDLE
Mr Leon Perera asked the Deputy Prime Minister and Minister for Finance (a) whether there are existing regulations on the practice of “overboarding” in Singapore, where individuals hold more board directorships than they can responsibly handle; and (b) if there are none, whether the Government will study introducing such regulations for Singapore-incorporated or Singapore-listed companies. The SeniorContinue reading “REGULATIONS ON PRACTICE WHERE INDIVIDUALS HOLD MORE BOARD DIRECTORSHIPS THAN THEY CAN HANDLE”
PROCEEDS PAID BY HDB FOR LAND FOR PUBLIC HOUSING
Assoc Prof Jamus Jerome Lim asked the Deputy Prime Minister and Minister for Finance with regard to the proceeds paid by HDB to the Singapore Land Authority (SLA) for public housing development (a) whether there is any net revenue collected after land costs are paid; and (b) if so, what is the average net revenue collectedContinue reading “PROCEEDS PAID BY HDB FOR LAND FOR PUBLIC HOUSING”
GOVERNMENT’S ACCOUNTING PRACTICE FOR DEVELOPMENT EXPENDITURE
Assoc Prof Jamus Jerome Lim asked the Deputy Prime Minister and Minister for Finance (a) what is the Government’s accounting practice for development expenditure; (b) what are the reasons for using such accounting practice; and (c) whether such accounting practice results in the full expense of the development expenditure at the point of appropriation rather than asContinue reading “GOVERNMENT’S ACCOUNTING PRACTICE FOR DEVELOPMENT EXPENDITURE”
TEMASEK HOLDINGS AND GIC’S FINANCIAL LOSSES FROM INVESTING IN CRYPTOCURRENCY PLATFORM FTX
Ms He Ting Ru asked the Deputy Prime Minister and Minister for Finance (a) whether there is a Singapore equivalent of the Norwegian Ministry of Finance’s Council of Ethics for the observation and exclusion of companies from the Norwegian Government Pension Fund Global; and (b) if so, whether the list can be shared and maintained publicly forContinue reading “TEMASEK HOLDINGS AND GIC’S FINANCIAL LOSSES FROM INVESTING IN CRYPTOCURRENCY PLATFORM FTX”
WINDFALL TAXES ON ENERGY COMPANIES IN LIGHT OF THEIR RECORD PROFITS
The following question stood in the name of Mr Chua Kheng Wee Louis – To ask the Deputy Prime Minister and Minister for Finance (a) whether the Government has considered implementing windfall taxes on energy companies in light of record profits by oil majors; and (b) what are the considerations behind implementing or not implementing such aContinue reading “WINDFALL TAXES ON ENERGY COMPANIES IN LIGHT OF THEIR RECORD PROFITS”
VALUATION OF NEW AND OLD RECLAIMED LAND AND THEIR INCLUSION IN CURRENT AND PAST RESERVES
Mr Pritam Singh asked the Deputy Prime Minister and Minister for Finance (a) does the value of new land that has been reclaimed go into current reserves; (b) whether this value is based on the actual cost of reclamation or the value of new land in reference to the Chief Valuer’s land betterment charge (LBC) tables; andContinue reading “VALUATION OF NEW AND OLD RECLAIMED LAND AND THEIR INCLUSION IN CURRENT AND PAST RESERVES”
ACCOUNTING FOR USE AND SALE OF STATE LAND
Mr Chua Kheng Wee Louis asked the Deputy Prime Minister and Minister for Finance (a) whether the value of state land which has not been sold is recorded in the Government Financial Statements; (b) if so, whether this is recorded on a historical cost or fair value basis; and (c) whether the total value of Government assetsContinue reading “ACCOUNTING FOR USE AND SALE OF STATE LAND”
GUIDELINES ON LIMITS FOR EXPOSURE TO DIFFERENT ASSET CLASSES FOR NATIONAL SOVEREIGN WEALTH FUNDS
Assoc Prof Jamus Jerome Lim asked the Deputy Prime Minister and Minister for Finance in view of the distinct investment and development mandates for the two national sovereign wealth funds, whether the Ministry issues guidelines to each on acceptable limits for exposure to different asset classes, including alternative assets, such as cryptocurrency and cryptocurrency exchanges. Mr LawrenceContinue reading “GUIDELINES ON LIMITS FOR EXPOSURE TO DIFFERENT ASSET CLASSES FOR NATIONAL SOVEREIGN WEALTH FUNDS”
APPLICABILITY OF GST OFFSET PACKAGES TO SINGAPOREANS EMPLOYED OVERSEAS WITH NO REPORTABLE TAX RETURNS
Assoc Prof Jamus Jerome Lim asked the Deputy Prime Minister and Minister for Finance whether the GST offset packages apply to Singaporeans employed overseas with no reportable tax returns. Mr Lawrence Wong: The Assurance Package (AP) for GST and the permanent GST Voucher (GSTV) scheme are meant to offset Singaporeans’ GST expenses incurred in Singapore. To qualify forContinue reading “APPLICABILITY OF GST OFFSET PACKAGES TO SINGAPOREANS EMPLOYED OVERSEAS WITH NO REPORTABLE TAX RETURNS”
Office of the Leader of the Opposition 