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Posts Tagged ‘tharman’

Budget looking good, surplus at 8 year high

Posted by jtsmyth8 on February 12, 2008

Good corporate profits, strong wage growth and a rip-roaring property market are likely to mean that public revenues exceeded expenditures by between $4 billion and $5 billion, say economists.

This would give the Government considerable leeway to be extra generous with one-off financial aid measures to help the elderly and poor cope with escalating living costs, the experts said.

‘It’s going to surprise on the upside,’ said DBS Bank economist Irvin Seah, who is expecting an overall surplus of $4.28 billion for the fiscal year ending March 31.

‘Due to strong economic growth, tax collections will be higher than expected.’

Finance Minister Tharman Shanmugaratnam will be presenting the Budget to Parliament on Friday. The expected bumper surplus follows economic growth last year, likely to come in at 7.5 per cent. (story)

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Minister proposes alumni should mentor students

Posted by jtsmyth8 on December 5, 2007

Education Minister Tharman Shanmugaratnam hopes to see more activities that will allow Singapore students to interact with their counterparts in the region.

Speaking at a student camp for over 180 students from Singapore and Malaysia on Wednesday, he stressed that this will help break down barriers between the young people who share a common future.

Foo Hui Chian, a Malaysian student said: “Even though we’ve just met each other for a few days, we’re like good friends, we’re staying in the same dorm, we get along very well.” (story)

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Tharman becomes Finance minister

Posted by jtsmyth8 on November 29, 2007

In a widely-anticipated promotion, Mr Tharman Shanmugaratnam becomes Finance Minister from Saturday. He retains his other heavyweight portfolio as Education Minister – for now.

He will hold this post until after the Budget Debate next year, ‘when he will relinquish the appointment and the Prime Minister will make consequential changes to other Cabinet appointments’, said a statement from the PM’s Office on Thursday evening.

The brief three-paragraph statement left unanswered the question of just who will take over at Education.

After six years at the Finance Ministry’s helm, PM Lee Hsien Loong will step aside for Mr Tharman, who became Second Finance Minister in May last year. (story)

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