Cash Surplus Not A Reason To Hold Off Gst Hike As Land Sales Proceeds Do Not Generate Revenue: Indranee Rajah - Cna

by channelnewsasia.com posted 5months ago 145 views
SINGAPORE: Proceeds from land sales, which make up the bulk of the Government’s cash surpluses, are not considered as part of the Government’s revenue and cannot be used for spending, said Second Minister for Finance Indranee Rajah in Parliament on Monday (Apr 5). As such, the amount of cash ...

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