Today’s Blog Feature is from Gerald Giam, “Greater transparency needed for Presidential decisions”, on President Nathan approving the government’s draw on the reserves.
Here are excerpts from Gerald’s post:
Firstly, the President should be required by law to make public his reasons for approving any draw on the reserves. This should be done within one week of making the decision, and before any of the money is actually withdrawn and used.
Secondly, the CPA should also make public its recommendations to the President and their reasons for such. The individual votes of each of the council members should be transparent to Singaporeans as well, since the council makes its decisions on majority vote.
Read the full article here.
Read also Alex Au’s take on President Nathan’s interview with the Straits Times : Nathan fluffs his reserves explanation.