Public transport fares should not be pegged directly to cost

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 'Fares should not be pegged directly to cost'. Print Edition | Subscribe