Singapore has collected some S$29.9 billion in taxes in the last financial year, which is 0.2% more than FY 2008/2009, all thanks to the buoyant property market. Oh, and more tax has been collected from individuals as well while less was collected from Corporates.
So what does it mean to the man on the street? How's the government going to make use of these money? For one, I do hope these money can be used to offset the cost of improving our public transport, and the expected fare increase next year will not be too much for us to handle!
But one thing for sure, I know there'll be more fireworks in next year's NDP!
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