Public transport fares should not be pegged directly to cost

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Transport hogged the spotlight in this year's Budget, if nothing else, for the record expenditure of $13.7 billion slated for financial year 2018.

The amount is clearly no small change. It represents a 50 per cent jump from the previous year's expenditure, and puts transport just a mite below the $14.8 billion earmarked for defence - traditionally the cost leader in any Budget.

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A version of this article appeared in the print edition of The Straits Times on March 22, 2018, with the headline Public transport fares should not be pegged directly to cost. Subscribe