Singapore will spend $1.8 billion of its budget this year on households, including the so-called Workfare Income Supplement plan, with lower and middle-income families benefitting most, Finance Minister Tharman Shanmugaratnam said in Parliament today.
Posts Tagged ‘budget’
Singapore sets smaller 2010/11 budget deficit
February 22nd, 2010 |
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Singapore on Monday announced a smaller budget deficit for the fiscal year 2010/11 as it sought to roll back some of the stimulus policies introduced at the height of the financial crisis last year.
The government expects a basic budget deficit of $7.2 billion, or 2.6% of GDP, for the fiscal year beginning April 2010, down from an estimated $8.5 billion, or 3.3% of GDP, this fiscal year, the finance ministry said in a statement.
STI gains 0.4%; Budget hopes high, says AmFraser
February 22nd, 2010 |
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Singapore shares were mostly higher, tracking broad gains in Asian markets, although sell-off in property shares were restraining STI’s advance. The benchmark gained 0.4% to 2,768.81 at midday after hovering in the tight 2,764–2,775 band entire morning, looking unlikely to test last week’s high of 2,797.
STI’s post-lunch performance is likely to be swayed by Singapore’s 2010 Budget announcement.
EU gives Greece budget plan deadline
February 16th, 2010 |
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Greece has assured its euro-zone partners it will present a plan for further budget cuts in March, if its current austerity measures are not adequate. After talks between Greek politicians and European finance ministers, Eurogroup President Jean-Claude Juncker announced on Monday that Greece would come forth with further budget cuts when it reports on March 16 to euro-zone countries, should its current efforts prove insufficient.
Singapore stocks unlikely to rally ahead of budget, says Citi
February 10th, 2010 |
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The Singapore stock market is unlikely to rally in lead-up to Budget announcement on February 22, as post-recession budgets typically don’t generate the same excitement as those unveiled during recessions, says Citigroup.
“On the contrary, we are mindful of the downside risks given the potential negative news for companies because of the more detailed announcement on foreign worker levies and stricter immigration policies.”
EU endorses Greek budget plan
February 3rd, 2010 |
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The European Commission has approved Greece’s budget reform plans aimed at reducing a massive deficit but called for further fiscal adjustments. It has also launched infringement proceedings against Greece.
Feb 22 is Budget Day
February 3rd, 2010 |
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Budget Day will be on Monday, Feb 22 2010. Parliament will sit on that day at 1.30 p.m.
“DS punishing Hungarian party over budgetâ€
February 1st, 2010 |
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Squeezing the ethnic Hungarian SVM party out of the local government in Subotica is the Democrats’ (DS) way of “punishing†it, says party leader Ištvan Pastor. “Essentially, it was about implementing a ‘punishment’ for (SVM) not voting for the state budget . It was not difficult to do in Subotica because there is a revanchist ambition in DS in Subotica to squeeze SMV out,†he told Novi Sad daily Dnevnik, commenting on the recent dissolution of the local-level coalition.
Budget day
February 1st, 2010 |
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Barack Obama is caught between a rising deficit, stubborn unemployment and political paralysis
A MEETING between Barack Obama and Republican members of the House of Representatives last week proved to be an unusually frank, if polite, affair. The president sought to put the members of the minority party on the spot before the television cameras, allowing them to voice their concerns but also asking them to offer proposals. Both sides were pleased with having a chance to make their rivals squirm. The deficit was an area of particular focus.
The Republicans, as well as the amorphous but vigorous “tea party” movement, have managed to put deficit spending on the national agenda like at no time since the early 1990s when Bill Clinton came to office on a wave of anxiety about the economy. During Mr Clinton’s terms the economy boomed and deficits became surpluses. During those of his successor, George Bush, the public let slip its attention on overspending. Two wars, two popular tax cuts, economic ups and downs, and an expensive drug benefit for Medicare (the health system for the elderly) that was supported by both parties, pushed public finances deep into the red. …
AMD Launches Budget Chips for Desktops
January 25th, 2010 |
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AMD is rolling out three processors with prices of less than $100, designed for desktops. The one Phenom and two Athlon processors are aimed at cost-conscious consumers who want to take advantage of DirectX 11 and other features in Microsoft’s Windows 7. AMD also unveiled two other processors that are priced higher than $100.
– Advanced Micro Devices is continuing to roll out products in the under-$100
range.
Less than two weeks after announcing a mainstream graphics card supporting
Microsoft’s DirectX 11 that starts at $99, AMD
is launching five desktop processors, including three with prices of less than
$100.
AMD …
“Government not to blame for exchange rate“
January 11th, 2010 |
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Finance Minister Diana Dragutinović denied that the dinar recently lost in value due to payments to budget users after the adopted budget rebalance. She said that the Serbian government „is not to blame for the weakening of the dinar“.
Parliament adopts laws, budget revision
December 29th, 2009 |
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The Serbian parliament on Tuesday the Law on Emergency Situations, reports said. The legislation is aimed at regulating and providing security for citizens during emergency situations and also establishes a unique integrated system of protection and rescue.
Budget vote “shakes ruling coalition”
December 22nd, 2009 |
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The ruling coalition’s largest party, the Democrats (DS), say there will have to be a “serious reexamining of the SVM decision not to vote for the budget”. As the Serbian parliament met yesterday to approve the country’s 2010 budget, four Alliance of Vojvodina Hungarians (SVM) MPs decided not to support the bill.
Parliament approves 2010 budget
December 21st, 2009 |
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The Serbian parliament has today adopted the country’s draft budget and accompanying laws for next year. 127 MPs voted in favor of the bill. A minimum of 126 was needed in order for the legislation to pass.
Parliament to vote on budget Monday
December 20th, 2009 |
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State parliament MPs will be voting on the 2010 budget draft on Monday. It is still not known whether a majority will be secured, because the four MPs of the Alliance of Vojvodina Hungarians (SVM) have decided to vote against the draft.
Vojvodina budget adopted
December 19th, 2009 |
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Vojvodina assembly PMs have adopted the 2010 budget draft for the province, with a total value of RSD 56.45bn (about EUR 583mn). Along with the opposition, the Alliance of Vojvodina Hungarians (SVM) and other parties of the Hungarian coalition voted against the budget draft.