4G ministers a team of serious-minded people: Heng Swee Keat
Ahead of Budget 2018, the Finance Minister says Singaporeans should not just be fixated on taxes.
(Updated: )
Ricky Lim ·
"PM sets a very good example and it is a team that is very cohesive. We discuss issues every week across a whole range of subjects - from security to social care, healthcare, to education, to the economy," he added.
"But the one thing which I feel we have to deal with in the coming years is the growing complexity ... in governing Singapore, in having an agreement on what matters to us as a country and the growing complexity in the external environment."
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Posted on:- 06 Jan 2018 06:50PM (Updated: 06 Jan 2018 07:51PM)
Ricky Lim ·
Singapore
Firros Rajah - you mention that pioneer leaders does not have 20% of the criteria listed but leadership is based on strong survival instinct, commitment and dedication.
You are correct.
But during the 1960s, Singapore is a marshland, there are no sizable Ministries that will fuel a modern Nation - and everything start from scratch.
It is starting from "zero" - as there are no benchmark.
But now in the 2017, the Government system are very developed, very well structured, very well-oiled, well-run ---- to tackle new challenges that Singapore and Singaporeans faced.
The criteria and caliber of a potential PM will be very different from the pioneer Leaders.
And you will be very surprised that there are talented people in Cabinet there are up to mark ---- but just that public Singaporeans may not know.
I will elaborate further.
Like · Reply · 19 mins
Ricky Lim ·
Singapore
There are 2 level of governance in Singapore.
(1) COPS - Committee of Permanent Secretary - that oversee and manage the Ministries and Statutory Boards.
(2) Cabinet - make up of political appointess - such as Minister, Minister-of-State etc.
A PM oversees the 2 level of governance.
(1) The COPS will held periodic meetings - chair by the Head of Civil Service - to discuss Ministries issues that cut across the various Ministries, Statutory Boards and Organs of States - discussion will touch on specific policies down to the lowest details.
(2) The Cabinet will also hold periodic meetings - chair by the PM - to discuss National issues - that cut across the various Ministries on policies with political considerations.
Cabinet Ministers will be heavily involved in the Cabinet meetings, plus many other appointment such as Select Committee, Party meetings etc ---- whereby issues that impact the Nation are vigorously discuss and debated.
Cabinet Ministers are profoundly expose to many important issues that cut across the Ministries - and will have a good grasp of the National issues and Global issues.
Outstanding candidates will stand out - that make the cut of a potential 4GL PM.
Like · Reply · Just now
"But the one thing which I feel we have to deal with in the coming years is the growing complexity ... in governing Singapore, in having an agreement on what matters to us as a country and the growing complexity in the external environment."
--
Posted on:- 06 Jan 2018 06:50PM (Updated: 06 Jan 2018 07:51PM)
Ricky Lim ·
Singapore
Firros Rajah - you mention that pioneer leaders does not have 20% of the criteria listed but leadership is based on strong survival instinct, commitment and dedication.
You are correct.
But during the 1960s, Singapore is a marshland, there are no sizable Ministries that will fuel a modern Nation - and everything start from scratch.
It is starting from "zero" - as there are no benchmark.
But now in the 2017, the Government system are very developed, very well structured, very well-oiled, well-run ---- to tackle new challenges that Singapore and Singaporeans faced.
The criteria and caliber of a potential PM will be very different from the pioneer Leaders.
And you will be very surprised that there are talented people in Cabinet there are up to mark ---- but just that public Singaporeans may not know.
I will elaborate further.
Like · Reply · 19 mins
Ricky Lim ·
Singapore
There are 2 level of governance in Singapore.
(1) COPS - Committee of Permanent Secretary - that oversee and manage the Ministries and Statutory Boards.
(2) Cabinet - make up of political appointess - such as Minister, Minister-of-State etc.
A PM oversees the 2 level of governance.
(1) The COPS will held periodic meetings - chair by the Head of Civil Service - to discuss Ministries issues that cut across the various Ministries, Statutory Boards and Organs of States - discussion will touch on specific policies down to the lowest details.
(2) The Cabinet will also hold periodic meetings - chair by the PM - to discuss National issues - that cut across the various Ministries on policies with political considerations.
Cabinet Ministers will be heavily involved in the Cabinet meetings, plus many other appointment such as Select Committee, Party meetings etc ---- whereby issues that impact the Nation are vigorously discuss and debated.
Cabinet Ministers are profoundly expose to many important issues that cut across the Ministries - and will have a good grasp of the National issues and Global issues.
Outstanding candidates will stand out - that make the cut of a potential 4GL PM.
Like · Reply · Just now
Like · Reply · 1m
Ricky Lim ·
Mr Heng noted that government spending has more than doubled in the last decade - from S$33 billion in financial year 2007 to S$71 billion in FY2016. This has gone into areas like healthcare, security, infrastructure and transport.
Mr Heng said most of the money was from Singapore's reserves. In 2007, the contribution from reserves was 5.6 per cent. This went up to 17.3 per cent in 2016.
"Of all the ways you can cut our revenue sources, it is the single largest category today. More than corporate income tax, more than GST, more than personal income tax," he said.
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Based on math calculation, $12.283 billion per year will need to come from reserve.
Would assume that Government will be prudent not to touch the capital of the reserve - but instead of drawing on the interest, dividend and profit of the reserve investment (so as not to "kill the goose that lay the golden eggs" - ie. reserve capital can continue to be invested in safe instrument and earned more future interest, dividend and profit).
Calculate, calculate (kelak, kelak) ..... hm hm hm --- look like there will be surplus interest, dividend and profit from the capital reserve investment ---- conservatively at least about $16 billion -- and still can plough back about $4 billion as capital reserve to further invest.
Mr Heng said most of the money was from Singapore's reserves. In 2007, the contribution from reserves was 5.6 per cent. This went up to 17.3 per cent in 2016.
"Of all the ways you can cut our revenue sources, it is the single largest category today. More than corporate income tax, more than GST, more than personal income tax," he said.
---
Based on math calculation, $12.283 billion per year will need to come from reserve.
Would assume that Government will be prudent not to touch the capital of the reserve - but instead of drawing on the interest, dividend and profit of the reserve investment (so as not to "kill the goose that lay the golden eggs" - ie. reserve capital can continue to be invested in safe instrument and earned more future interest, dividend and profit).
Calculate, calculate (kelak, kelak) ..... hm hm hm --- look like there will be surplus interest, dividend and profit from the capital reserve investment ---- conservatively at least about $16 billion -- and still can plough back about $4 billion as capital reserve to further invest.
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