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Thursday, April 10, 2008

Revenue from Roads

Please correct me if i am wrong...

I think the Singapore goverment got the most revenue from transportation, as in from the roads in Singapore, besides the GST.

Why? Let me give you an example...

Let me start off with the COEs, with the data from yesterday's COE bidding results.

Total revenue from Cat A: 2026 (Quotas) X $16,930 (QP) = SGD $34,300,180
Total revenue from Cat B: 1130 X $19,501 = SGD $22,036,130
Total revenue from Cat C: 376 X $18,900 = SGD $7,106,400
Total revenue from Cat D: 448 X $1,012 = SGD $453,376
Total revenue from Cat E: 881 X $19,389 = SGD $17,081,709

Total revenue from COE Apr 1st bidding exercise = SGD $80,977,795

And that's only half a month. One full month revenue means about 160 million revenue for the goverment, and for one year? 1.92 billion!!!

And now, add in the fees you have to pay when getting a new vehicle... RF, ARF, Excise Duty, Road tax....

And now, add in the petrol taxes, your HDB Season parking fees, your parking coupons used...

And not to forget, everyone's favourite topic, the ERP.

Guess how much revenue the Singapore Goverment is getting just from the Singapore Roads?

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