Singapore Govt New Private Jet?

lionnoisy SG

I am absolutely bemused at how you can critisise Australia for having two BBJs. I don't like politicians, but I'm sure most people agree that the leader of a larger nation like Australia deserve to arrive with dignity. They represent the nation for god's sake!

As for Singapore and the c-130? It's your loss really. Many nations have private planes for their leaders.

At least with Australia, it also can serve as an AAR in times of need.

And you say that Oz is not so rich? Where did you get that from?

I've said it many times, but you are a dimwitted fool embarrassing your own country.

I've been to SG and I'd like to argue one point, why doesn't Singapore covers it's drains?

U have been staying in oz for long long time.

But have u studied your country carefully?

I just want to discuss with u seriouly about the cash or cash like

Net balance of oz federal and states governments!!We cant talk the billions mineral reserve and other treasure hidden underground .

do u know Oz Net Debts--A$71 billions or 7 % of GDP!!

15 % of GDP according to CIA.

Compared with USA and UK,oz is really good in finance management.

Assets

1.Fereral Level

Assests---66.1 billions + plus add more if u find any assets

Future Fund assets at 31 December 2008 (includes Telstra shares valued at $7.65 billion)

Higher Education Endowment Fund/Education Investment Fund assets at 31 December 2008

www.futurefund.gov.au/

States level---assets unknown?

Liability

Liability--Federal A$57.9 billion

...............Sates..A$79.3

TOTAL gross public debts---137.2 billion or 14 % of GDP.

Net Debts--A$71 billions!!

http://www.aofm.gov.au/content/borrowing/commonwealth/QuarterlyData/december2008.asp

references

www.theaustralian.news.com.au/story/0,25197,25240037-643,00.html

-http://www.aph.gov.au/senate/committee/sgfm_ctte/report/index.htm

http://www.aph.gov.au/senate/committee/sgfm_ctte/report/c03.htm

Chapter 3 - State and territory bottom lines and debt levels

@@@@@@@@@@@@@@@@@@@@@@

Public debts from

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2186rank.html

If u read the above ,u will find oz is 15 % of GDP,while SG is 115 %.

Pl note that this heavy debt come from the intentional debt

''borrowed'' from CPF.gov.sg to give risk free interest to CPF members.

Other countries,incl Oz,borrow for spending.SG is not.

They will tell u gavaman issue debts to make the bonds markets

active.This is rubbish.U only issue bonds when u need money.

If not,it is pure waste of taxpayers money.

The back up $$ or reserve are hold by Temasek and GIC,

well over 200 USD billion net assets.I dunt know if MAS.gov.sg

assets can be added.

I read that oz need to pay A$7 billion pa (A$137 b x 5%)

just for interest of bonds issued.

Wow $7,000 million is not a small figure!!

Singapore need to pay interest,but credited to their CPF members account!!

@@@@@@@@@@

SG also issue security,but not for spending!!

May be for investment to get higher yield!!

lionnoisy SG

www.sgs.gov.sg/

lionnoisy SG

As for Singapore and the c-130? It's your loss really. Many nations have private planes for their leaders.

At least with Australia, it also can serve as an AAR in times of need.

And you say that Oz is not so rich? Where did you get that from?

I've said it many times, but you are a dimwitted fool embarrassing your own country.

I've been to SG and I'd like to argue one point, why doesn't Singapore covers it's drains?

do u think SG PM arrive in C 130 with dignity or not?

Why PM took C130 to Cebu

photo source:AP,not from Mindef nor MFA

from. www.zaobao.com, printed copy 13 jan 2007.

@@@@@@@@

ya!! big country can afford VIP jet.we small country cant.

They have to take First Class of SIA,wether they like it or not.

lionnoisy SG

how much it cost to main the VIP fleet and the dignity.--

yearly -----maintenance,repair ,fuel,salary of pilots,crews,technicians,security

Pensions for 30 years of the staff mentioned above....

periodic overhaul.....

sgstars SG

Public debts from

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2186rank.html

If u read the above ,u will find oz is 15 % of GDP,while SG is 115 %.

Pl note that this heavy debt come from the intentional debt

''borrowed'' from CPF.gov.sg to give risk free interest to CPF members.

Other countries,incl Oz,borrow for spending.SG is not.

They will tell u gavaman issue debts to make the bonds markets

active.This is rubbish.U only issue bonds when u need money.

If not,it is pure waste of taxpayers money.

The back up $$ or reserve are hold by Temasek and GIC,

well over 200 USD billion net assets.I dunt know if MAS.gov.sg

assets can be added.

I read that oz need to pay A$7 billion pa (A$137 b x 5%)

just for interest of bonds issued.

Wow $7,000 million is not a small figure!!

Singapore need to pay interest,but credited to their CPF members account!!

@@@@@@@@@@

SG also issue security,but not for spending!!

May be for investment to get higher yield!!

LOL... did i just fail my maths or did i see lionnoisy attempting to justify a 115% of GDP public debt held by sg as better than a 15% of GDP public debt held by australia ?

either 2+2 =3 and im seeing flying pigs outta the window.

congratulations lionnoisy, u never fail to dissapoint. a new level of self pwn. you only need 1 post only and to make yourself look like sheer stupidity. dont even need people to point that out to you.

i wonder whats next, you smashing your head into a computer monitor before you start posting

sgstars SG

the fact that sg government is borrowing to pay money. deficit spending or so its called. is spending beyond our means.

looks like when you grow up lionnoisy , you probably have to pay something like 10% GST and higher taxes thanks to our government's deficit spending. im glad you so wholeheartedly support it.

lionnoisy SG

LOL... did i just fail my maths or did i see lionnoisy attempting to justify a 115% of GDP public debt held by sg as better than a 15% of GDP public debt held by australia ?

either 2+2 =3 and im seeing flying pigs outta the window.

i wonder whats next, you smashing your head into a computer monitor before you start posting

i think u overlook my key sentences...

''Pl note that this heavy debt come from the intentional debt

''borrowed'' from CPF.gov.sg to give risk free interest to CPF members.

Other countries,incl Oz,borrow for spending.SG is not...''

lionnoisy SG

To refresh your memory,i quote below for your references---

I must admit u will tell me GIC pay cheap interest to CPF members and

earn high return.LKY said GIC Temasek funds do not come from CPF!!

Believe or not?

''The CPF Board invests the bulk of CPF balances in Government bonds. These bonds pay a rate equal to the rate that the CPF Board has to pay to members. ''

5.06 pm. Mr Siew Kum Hong

CPF REFORMS AND OTHER MEASURES FOR A SECURE RETIREMENT   [Sitting Date: 2007-09-18] [Vol: 83] [Start Col: 1727] [End Col: 1829] [Rel: 47.90%]   View this report at: [Full] [Section]

sgstars SG

i think u overlook my key sentences...

''Pl note that this heavy debt come from the intentional debt

''borrowed'' from CPF.gov.sg to give risk free interest to CPF members.

Other countries,incl Oz,borrow for spending.SG is not...''

LOL, are you dumb or what ?

debt is debt. debt incurs interest. debt means the government owes someone else interest. debt means deficit spending and the government is spending beyond its tax revenue. debt means a greater burden on the citizens and future spending.

i didnt overlook your sentences. your sentences are completely irrelevant. the government still owes someone money.

your sentence illustrate how the money is kept within a internal system and experiences internal circulation. but you ignore or do not understand the concept of interest applied here.

think of it this way. company A borrows money from the workers, to pay its workers. the workers continue to get their pay and earn interest from the money it loans to the company. internal transfer of money within a system.

but the company still incurs a debt, it has to find some means to repay that additional interest incurred. assuming all else remains constant, the company has to earn extra money to repay that interest. and so what does it do t?

it can either, cut the pay of its workers or make them work harder to improve their efficiency.

same thing here. deficit spending places the burden on the taxpayer, making the tax payer suffer from less government spending on social programs (cutting pay), e.g healthcare, defence and other stuff that commercial companies will not provide

or requires the taxpayer to pay more in taxes to assume the same level of services provided (making people work harder)

this is really just ignorance on your part and not real stupidity for once, its a common misconception of deficit spending that it dosent have consequences. i

Asian Aussie SG

Don't even pretend to be an economist, you dumbass. For the last 15 years or so of growth, Australia paid off all its public debt ie debt owed by govt.

The debt you are talking about is private debt and it's not necessarily a bad thing to be in debt. The use of debt to finance projects for example is a good thing. Companies use their skills to try and create money from debt.

At this point in time, I have one simple question dumblion, which country is officially in recession?

sgstars SG

lets not complicate things by bringing in private debt.

u are talking about borrowing to ease and free up more money for cashflow and other fisical purposes right in the sense of corporate debt ?

He isnt talking about private debt. what the stupid lion is trying to justify is that we have a CPF (central provident fund). its kinda like the state run pension system, where everyone has to chip in a % figure of income , a portion by employers and a portion by employees.

the government manages this amount of CPF money and guaruntees an interest rate for the $ in these accounts. recently, in its move to encourage more savings for long term savings, the government up the interest rate of certain CPF accounts to 4% interest on the first 50,000 SGD in that account.

basically means the government is giving out 2k in annual interest for every singaporean citizen that has 50k in that account.

to pay out this annual interest, the SG government has issued SG gov bonds with the CPF board (the bureaucracy that manages the CPF accounts purchasing them)

he is trying to argue that the heavy government debt is because of this (which is a partial reason only since SG government has been running budget deficits these past couple of years)

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