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Financing our future
Posted by Economics Corner
on
4:45 AM
Though the deadline for the essay writing competition based on the above theme is over, I would like you to comment on the following:
1. What do you think are the key challenges facing Singapore in the foreseeable future (e.g. social, economic, security)? What kinds of spending needs arise from this?
2. With no natural resources and limited revenue sources, how would you prioritise these spending needs? What can we spend less on in order to meet these increased spending needs?
3. How should Singapore find the revenue to fund our future spending needs (e.g. raising taxes – if so, what type)? Are there other alternative sources of revenue you think should be explored? What are the implications of funding our expenditure through such means?
1. What do you think are the key challenges facing Singapore in the foreseeable future (e.g. social, economic, security)? What kinds of spending needs arise from this?
2. With no natural resources and limited revenue sources, how would you prioritise these spending needs? What can we spend less on in order to meet these increased spending needs?
3. How should Singapore find the revenue to fund our future spending needs (e.g. raising taxes – if so, what type)? Are there other alternative sources of revenue you think should be explored? What are the implications of funding our expenditure through such means?
