Cash surplus not a reason to hold off GST hike as land sales proceeds do not generate revenue: Indranee Rajah Toggle share menu
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Cash surplus not a reason to hold off GST hike as land sales proceeds do not generate revenue: Indranee Rajah
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Cash surplus not a reason to hold off GST hike as land sales proceeds do not generate revenue: Indranee Rajah
Second Minister for Finance Indranee Rajah speaking in Parliament on Apr 5, 2021.
05 Apr 2021 06:40PM) Share this content
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SINGAPORE: Proceeds from land sales, which make up the bulk of the Government’s cash surpluses, are not considered as part of the Government’s revenue and cannot be used for spending, said Second Minister for Finance Indranee Rajah in Parliament on Monday (Apr 5).