Screenshot from YouTube

In the latest interview with Channel News Asia, celebration for SG50 was initially budgeted at $5 million to fund 260 projects led by “Singaporeans”. Each project would be evaluated and the successful ones will have 90% of their expenditures, capped at $50,000, subsidized by the Singapore Government.

Screenshot from YouTube
Screenshot from YouTube

However, the Singapore Government approved more than 260 projects bringing the total up to 330 projects resulting in an over-budget of $4 million totaling up to $9 million. The Singapore Government do not intend to stop at $9 million though, this is what Minister Lawrence Wong said:

“As there are more ground-up projects that have come forward, we are now setting aside S$9 million to support these projects.¬†From now to August, I believe there will be more applicants because we are still seeing more interest. So I’m quite sure we will go beyond 330 and additional projects may need more support. If need be, we’ll put in additional budget to support that.”

Photo from International Bullion Mint
Photo from International Bullion Mint

What do you think of Minister Lawrence Wong’s poor budgeting? Do you think the late Mr Lee Kuan Yew would approve spending so much money on this “celebration”?

Below is an eulogy of Mr Lee Kuan Yew by former Minister Sidek Saniff:

“Second question: “You have an overcoat?” I think he knew that people may not use overcoats frequently. I said: “I’ll buy one.”

He said: “No need, Don’t waste money.” He paused for a while and said: “Ahmad Mattar has a good overcoat. Borrow from him.”

Third question: “Do you have the boots to cover your shoes?” This time, I tried to convince him that I could buy the boots myself because they would cost me at most $100.

But he said: “Oh, don’t waste money, don’t waste money.”

He was very thrifty. That was how he handled our money, our kitty. That thrift must start from you. That was his clear message.”