Monday, November 15, 2010

Not an accountant but I think

...we should all put some heart into reading what is presented often in the papers.

Just some points to ponder as I did some additional reading over the weekend, quite a bedtime sleepy companion - The Department of Statistics’ Singapore Yearbook of Statistics 2010.
According to the yawning...book, the amount of CPF contributions from Singaporeans/PR has grown by almost 90%, from S$88 billion to S$167 billion in 10 years (1999 to 2009). Around the same period of the last decade, our public domestic debt has grew by 132% from S$126 billion to S$292 billion. Something to think/worry about?

Other interesting stat is that English newspaper circulation has been dropping aggressively with a 24% drop since 2004 (1.038 mil to 790k), other languages have seen an increase since 2004. So is it because the English readers have all gone online or are we experiencing a change in population racial mix? It would be unwise to think that they are becoming like me, sick of the BS we read in the papers and cancelled it. We only have weekend papers for the adverts...haha

If I had more time and apathy, it will be interesting to study the foreign investments of countries like Myanmar and Cambodia. But I got pissed off just enough to see corporate income tax went down as personal income tax grew; and our Govt operating expenditure especially in the Govt administration portion - it grew a whopping 55% in the last decade (S$689 mil to S$1.071 BILLION). FYI, we spent about that amount on environment and water resources (S$661 mil) and transport (S$372 mil) combined.