by Vincent Low Speaking at the Chinese New Year dinner for Tanjong Pagar GRC and Radin Mas SMC yesterday (24 Feb), potential 4th generation Prime Minister Chan Chun Sing defended the PAP government’s position not to draw more from the reserves to augment the upcoming Budget and thereby, tax increases such as the 9% GST have to be introduced. He …Read More »
Daily Archives: 2018-02-25
Chan Chun Sing says severe implications if Singapore does not have sufficient reserves. But just how much is enough?
Minister in the Prime Minister’s Office Chan Chun Sing has said that there will be “severe implications” if the country does not have sufficient reserves as buffer. Speaking at a Chinese New Year dinner on Saturday (Feb 24), Mr Chan also said Singapore’s fiscal policy impacts the strength of its currency as well. “How much we spend and how much we …Read More »