[sgbuffett]

This "seems completely unnecessary at the moment as we have a S$30 billion structural fiscal surplus that we have not even begun to publicly delineate clear spending big plans for", Mr Yeoh wrote.
TISG reproduced this statement in two separate articles on Nov 9 and Nov 12.
In a media release on Friday (Nov 18), the Ministry of Finance (MOF) said: "Mr Yeoh’s statement claims that there are S$30 billion in structural fiscal surpluses that are available to the Government for spending. This is untrue.
"Over the last two decades (excluding FY2020, which had a significant fiscal deficit due to COVID-19 expenditures), the Government recorded on average a fiscal balance of S$2.2 billion per annum," the ministry added

If you examine the statement that is the subject of POFMA...look  carefully

1. Yeoh said govt has 30B structural surplus that can used for spending.

2. The PAP said don't have due to COVID last 2 yrs expenditure high . So POFMA.

Obviously Yeoh is referring to normal years not yrs we have covid. Covid is already over and GST once implement will be with US forever.

This POFMA is misused.