Mr Gerald Giam Yean Song asked the Deputy Prime Minister and Minister for Finance whether Whole-of-Government Period Contracts and Framework Agreements favour large multinational companies that can offer the full set of services in tender requirements at the expense of local small and medium enterprises and independent contractors who may potentially offer a smaller set of theContinue reading “ASSESSMENT WHETHER GOVERNMENTS’ PERIOD CONTRACTS AND FRAMEWORK AGREEMENTS FAVOUR LARGE COMPANIES OFFERING FULL SET OF SERVICES”
Category Archives: Ministry of Finance
STEPS TAKEN ACROSS AGENCIES TO MINIMISE REPEATED LAPSES IN CONTRACT VARIATIONS AND STAR RATE ITEMS
Mr Gerald Giam Yean Song asked the Deputy Prime Minister and Minister for Finance with regard to the Report of the Auditor-General for FY 2021/22 and in view of repeated lapses across various agencies concerning contract variations and star rate items (a) what steps have the Ministries taken in previous years to minimise such lapses; (b) whetherContinue reading “STEPS TAKEN ACROSS AGENCIES TO MINIMISE REPEATED LAPSES IN CONTRACT VARIATIONS AND STAR RATE ITEMS”
IMPACT OF RISING INFLATION ON PLANNED GST INCREASE AND RELATED FINANCIAL OFFSET MEASURES
Mr Pritam Singh (Aljunied): Sir, I have two questions for the Minister for Finance. First, an article in The Business Times in May this year, citing Singapore’s Department of Statistics data, confirmed that the Government’s tax collections for fiscal year 2021 was $74.76 billion, a 10.5%-increase compared to the pre-COVID-19 fiscal year 2019, of about $67Continue reading “IMPACT OF RISING INFLATION ON PLANNED GST INCREASE AND RELATED FINANCIAL OFFSET MEASURES”
MEASURES TO DAMPEN INFLATIONARY PRESSURES OR TO HELP SINGAPOREANS COPE GIVEN HIGHER PRICES
Mr Chua Kheng Wee Louis asked the Minister for Finance (a) in the last five years, what is the annual amount of excise duties derived from petrol and diesel sold to end consumers; and (b) whether the Government can reduce excise duties for intermediate grade petrol and diesel in view of high fuel prices today. Ms HeContinue reading “MEASURES TO DAMPEN INFLATIONARY PRESSURES OR TO HELP SINGAPOREANS COPE GIVEN HIGHER PRICES”
IMPACT OF RECENT GLOBAL EVENTS ON COSTS OF DAILY NECESSITIES AND GOODS AND SUPPORT MEASURES FOR NEEDY SINGAPOREANS
Mr Gerald Giam Yean Song asked the Minister for Finance what studies has the Ministry conducted so far to examine how the costs of daily necessities and goods in Singapore will be impacted by recent global events such as rising commodity prices, rising global inflation, the Russia-Ukraine conflict and the COVID-19 pandemic. 30 Mr Gerald Giam Yean Song asked theContinue reading “IMPACT OF RECENT GLOBAL EVENTS ON COSTS OF DAILY NECESSITIES AND GOODS AND SUPPORT MEASURES FOR NEEDY SINGAPOREANS”
COS 2022: GST on Water Conservation Tax
Mr Muhamad Faisal Bin Abdul Manap (Aljunied): I am dismayed that the Government will be going ahead with the rise in the GST. My main concern is with the impact on the lower-income households. I note the Government’s explanation that assistance will be provided to this segment of society via various schemes. Nonetheless, I believe any additionalContinue reading “COS 2022: GST on Water Conservation Tax”
ANNUAL BREAKDOWN AMOUNTS OF ADDITIONAL BUYER’S STAMP DUTY COLLECTED FROM SINGAPOREANS BUYING SECOND, THIRD AND SUBSEQUENT RESIDENTIAL PROPERTIES RESPECTIVELY OVER LAST FIVE YEARS
Mr Chua Kheng Wee Louis asked the Minister for Finance over the last five years, what are annual breakdown amounts of Additional Buyer’s Stamp Duty (ABSD) that have been collected from (i) Singapore Citizens buying a second property and (ii) Singapore citizens buying a third and subsequent residential properties, respectively. Mr Lawrence Wong: From 2017 to 2021, theContinue reading “ANNUAL BREAKDOWN AMOUNTS OF ADDITIONAL BUYER’S STAMP DUTY COLLECTED FROM SINGAPOREANS BUYING SECOND, THIRD AND SUBSEQUENT RESIDENTIAL PROPERTIES RESPECTIVELY OVER LAST FIVE YEARS”
SUBSIDIARIES OF TEMASEK HOLDINGS AND GIC INVOLVED IN MAJOR POTENTIAL ENVIRONMENTAL, SOCIAL AND CORPORATE GOVERNANCE ISSUES
Mr Leon Perera asked the Minister for Finance (a) whether the Government as sole shareholder of Temasek Holdings and GIC has ever directed Temasek or GIC to take decisions relating to subsidiary companies involved in major potential environmental, social and corporate governance (ESG) and reputational scandals such as the Brazilian government’s lawsuit against Olam; and (b) how theContinue reading “SUBSIDIARIES OF TEMASEK HOLDINGS AND GIC INVOLVED IN MAJOR POTENTIAL ENVIRONMENTAL, SOCIAL AND CORPORATE GOVERNANCE ISSUES”
FREEZE ON INCREASES TO FEES IMPOSED BY GOVERNMENT AGENCIES AND STATUTORY BOARDS
Mr Chua Kheng Wee Louis asked the Minister for Finance whether the Government will consider mitigating fee increases by Government agencies and Statutory Boards for lower income households for the next 12 months. Mr Lawrence Wong: This question has been addressed in MTI and MOF’s combined reply at the 11 January 2022 Parliament Sitting to Question Nos 82 andContinue reading “FREEZE ON INCREASES TO FEES IMPOSED BY GOVERNMENT AGENCIES AND STATUTORY BOARDS”
MEASURES TO HELP SINGAPOREANS COPE WITH RISING INFLATION AND IMPACT OF GOVERNMENT’S FISCAL SUPPORT FOR BUSINESSES AND HOUSEHOLDS ON INFLATION
Mr Pritam Singh (Aljunied): Thank you, Mr Speaker. Just two questions for the Minister of State Ms Low Yen Ling. I do thank her for her reply, which essentially was almost in pari materia vis-à-vis the measures to mitigate increasing cost of living with Minister Chan Chun Sing’s 2018 Parliamentary reply. My two questions pertainContinue reading “MEASURES TO HELP SINGAPOREANS COPE WITH RISING INFLATION AND IMPACT OF GOVERNMENT’S FISCAL SUPPORT FOR BUSINESSES AND HOUSEHOLDS ON INFLATION”
Office of the Leader of the Opposition 