Progress Singapore Party's (PSP) candidate for Pioneer SMC Stephanie Tan, 37, addressed how the PSP's proposals are sustainable - including those which will increase revenue for the government.
Tan took part in a roundtable discussion on Sunday night (April 27), along with representatives from four other political parties - namely the People’s Action Party, Red Dot United, People's Alliance for Reform, and the Workers' Party.
Tan took part in a roundtable discussion on Sunday night (April 27), along with representatives from four other political parties - namely the People’s Action Party, Red Dot United, People's Alliance for Reform, and the Workers' Party.
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NewsTranscript
00:00PSP's manifesto contains more than 60 proposals and it also includes proposals which will
00:10increase revenue for the government. One, we have proposed introducing a modest EP levy
00:15of $1,200 per month on EP holders to further level the playing field between Singaporean
00:21and foreign PMATs. Under PSP's Affordable Home Scheme, HDB will no longer need to pay
00:27land costs used for BTOs into the past reserves and we will also eliminate a large part of
00:33HDB's deficit arising from having to provide subsidies to buyers which is now paid for
00:38using our budget. We have also proposed to amortise the revenue from government land sales
00:44for commercial and industrial land so that it can be used as revenue in the budget over
00:50the duration of the lease instead of putting it straight all into the reserves and until
00:55that is done the money can be invested with reserves and can still generate NIRC.