THE BG HAS SPOKEN! Posted byApril 5, 2002Posted inPublications “Singapore get their government cheap. The total tax burden in Singapore is only 18 per cent of the gross domestic product (GDP) if we go for welfare programmes, have more subsidies, unemployment benefits, free medical care … then the costs will go up … so the way to have low cost is for us to have a small government and keep our subsidies to a minimum … our policy is not to make a profit form our services; it is just to break even or cover our costs.” – DPM Lee Hsien Loong, Straits Times, Apr 5 2002 Share this:TwitterFacebookLike this:Like Loading... Related
“Singapore get their government cheap. The total tax burden in Singapore is only 18 per cent of the gross domestic product (GDP) if we go for welfare programmes, have more subsidies, unemployment benefits, free medical care … then the costs will go up … so the way to have low cost is for us to have a small government and keep our subsidies to a minimum … our policy is not to make a profit form our services; it is just to break even or cover our costs.”