Vehicle quota premiums brought in S$6.54bil or about US$5bil for the city-state last year.
Singapore: The Singapore government sourced billions of dollars more than it initially expected from the auction of near-record high car permits, income tax and contributions from its state wealth funds, according to budget data released on Tuesday.
The financial hub’s national budget showed that vehicle quota premiums brought in S$6.54bil or about US$5bil for the city-state last year, which was S$1.82bil more than the Finance Ministry initially expected.
