• About Us
    • Fact Checking Policy
    • Ownership & funding information
    • Volunteer
  • Subscribe
  • Letter submission
    • Submissions Policy
  • Contact Us
The Online Citizen Asia
  • Opinion
    • Editorial
    • Commentaries
    • Letters
    • Comments
  • Current Affairs
    • Singapore
    • Malaysia
    • Indonesia
    • China
    • ASEAN
    • Asia
    • International
  • Finance
    • Economics
    • Labour
    • Property
    • Business
  • Community
    • Arts & Culture
    • Consumer Watch
    • NGO
    • Lifestyle
    • Travel
  • Politics
    • Civil Society
    • Parliament
    • Transport
    • Education
    • Environment
    • Health
    • Housing
  • Law & Order
    • Legislation
    • Court Cases
No Result
View All Result
  • Opinion
    • Editorial
    • Commentaries
    • Letters
    • Comments
  • Current Affairs
    • Singapore
    • Malaysia
    • Indonesia
    • China
    • ASEAN
    • Asia
    • International
  • Finance
    • Economics
    • Labour
    • Property
    • Business
  • Community
    • Arts & Culture
    • Consumer Watch
    • NGO
    • Lifestyle
    • Travel
  • Politics
    • Civil Society
    • Parliament
    • Transport
    • Education
    • Environment
    • Health
    • Housing
  • Law & Order
    • Legislation
    • Court Cases
No Result
View All Result
The Online Citizen Asia
No Result
View All Result

Not fair to expect Singaporeans to feel beholden to the government for the unknown “healthy reserves”

by Ghui
15/06/2020
in Opinion
Reading Time: 3 mins read
7

DPM Heng Swee Keat rounds up Budget 2020 debate in Parliament. (Image source: Screenshot of CNA video)

As the Peoples’ Action Party (PAP) led government draws on the country’s national reserves to help cushion the country from the repercussions caused by the global COVID-19 pandemic, we have been repeatedly told by ministers that this is only possible because the government has been prudent in the past.

Second Minister for Finance, Indranee Rajah, had said on her Facebook (FB) page that the government was only able to draw on such reserves because of the “prudent management of public finances and the strength of our reserves which have been judiciously and painstakingly built up over the years for a time such as this.” In other words, she is praising her own ministry for its good management of finances.

Deputy Prime Minister Heng Swee Keat also said that Budget 2020 was only possible because of our country”s deep reserves. He went on to say that it was only because of our healthy reserves that he and his team were able to work on stabilising and support measures for the country. In not so many words, he is saying that the reserves built up by our government was what enabled the government to stabilise the country.

Clearly, the messaging is that our PAP led government has great foresight and capability to build up such strong reserves.

However, is it really fair to expect Singaporeans to feel beholden and grateful to the government for the reserves if we don’t even know what is in there in the first place?

Isn’t that expecting blind faith?

It is probably fair to say that Singaporeans are interested to know what is in the reserves because that would provide proof in what the government is claiming. It would also go a long way to reassure Singaporeans that we are indeed in good hands. It is harder to put our belief in something said in a vacuum.

Former President Ong Teng Cheong had tried to get to the bottom of what was in our reserves at great personal cost.

Most recently, Leader of the Opposition, Pritam Singh had asked about our reserves in Parliament only to be rebuffed by Heng on the basis that such a question was not in the interest of Singaporeans.

Mr Singh said :”It is neither in the interest of Singapore or Singaporeans to repeatedly ask about the size of our reserves. We are in the middle of a storm, and I’m very disappointed that Mr Pritam Singh has used this occasion to raise this question again.”

However, if you are using the size of the reserves as a means to bolster your claim that you are such a great government, you would need to first tell us what is actually in the reserves.

And if you want to use the reserves as a positive example of the PAP’s leadership, then it will be very much in Singapore’s interest for Singaporeans to know what is in the reserves in order to verify the veracity of your claims.

You can’t expect praise if you don’t divulge what it is you want praise for.

For just US$7.50 a month, sign up as a subscriber on The Online Citizen Asia (and enjoy ads-free experience on our site) to support our mission to transform TOC into an alternative mainstream press.

Related Posts

Level of unemployment in Indonesia shows failure in the Job Creation Law, says KSPI
Indonesia

Level of unemployment in Indonesia shows failure in the Job Creation Law, says KSPI

02/02/2023
Commentaries

The Keppel bribery scandal tests Singapore’s zero-tolerance policy towards corruption

02/02/2023
Singapore Law Watch removes commentary on CPIB’s decision to not prosecute former Keppel executives
Singapore

Singapore Law Watch removes commentary on CPIB’s decision to not prosecute former Keppel executives

02/02/2023
US businesses ‘fear internet curbs in Hong Kong’
AFP

Hong Kong offers free flights after COVID isolation

02/02/2023
Why is Gautam Adani’s Indian empire in turmoil?
AFP

Why is Gautam Adani’s Indian empire in turmoil?

02/02/2023
India’s Adani shares plunge again after stock sale cancelled
AFP

India’s Adani empire loses more than US$100 bn after fraud claims

02/02/2023
Subscribe
Connect withD
Login
I allow to create an account
When you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings. We also get your email address to automatically create an account for you in our website. Once your account is created, you'll be logged-in to this account.
DisagreeAgree
Notify of
Connect withD
I allow to create an account
When you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings. We also get your email address to automatically create an account for you in our website. Once your account is created, you'll be logged-in to this account.
DisagreeAgree
7 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments

Latest posts

Level of unemployment in Indonesia shows failure in the Job Creation Law, says KSPI

Level of unemployment in Indonesia shows failure in the Job Creation Law, says KSPI

02/02/2023

The Keppel bribery scandal tests Singapore’s zero-tolerance policy towards corruption

02/02/2023
Singapore Law Watch removes commentary on CPIB’s decision to not prosecute former Keppel executives

Singapore Law Watch removes commentary on CPIB’s decision to not prosecute former Keppel executives

02/02/2023
US businesses ‘fear internet curbs in Hong Kong’

Hong Kong offers free flights after COVID isolation

02/02/2023
Why is Gautam Adani’s Indian empire in turmoil?

Why is Gautam Adani’s Indian empire in turmoil?

02/02/2023
India’s Adani shares plunge again after stock sale cancelled

India’s Adani empire loses more than US$100 bn after fraud claims

02/02/2023
Former political prisoners calls for abolishment of ISA and apology from PAP Govt on 60th anniversary of Operation Coldstore

Former political prisoners calls for abolishment of ISA and apology from PAP Govt on 60th anniversary of Operation Coldstore

02/02/2023
Indian state picks new capital after kicking out Singapore consortium

Indian state picks new capital after kicking out Singapore consortium

02/02/2023

Trending posts

Former Singaporean shares change of life in Australia with annual pay of S$80,000 as a plumber

Former Singaporean shares change of life in Australia with annual pay of S$80,000 as a plumber

by Yee Loon
30/01/2023
25

...

Earning only S$400 a month, delivery-rider turned hawker threw in the towel after two years of running a rojak stall

Earning only S$400 a month, delivery-rider turned hawker threw in the towel after two years of running a rojak stall

by Yee Loon
26/01/2023
24

...

Two Indian nationals paid about S$330 and S$730 respectively for forged certificates submitted in their S-Pass application

MOM found issuing EPs meant for foreign PMETs to PRC waitress and general worker

by Correspondent
26/01/2023
41

...

They have done a fine job of confusing us about the jobs situation

They have done a fine job of confusing us about the jobs situation

by Augustine Low
01/02/2023
33

...

Temasek and GIC reportedly in talks with Adani Group accused of “brazen” market manipulation and accounting fraud

Temasek and GIC reportedly in talks with Adani Group accused of “brazen” market manipulation and accounting fraud

by The Online Citizen
26/01/2023
59

...

Indian rupee falls 60% since signing of CECA while Singapore becomes top investor in India

by Correspondent
25/01/2023
69

...

June 2020
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
2930  
« May   Jul »

The Online Citizen is a regional online publication based in Taiwan and formerly Singapore’s longest-running independent online media platform.

Navigation

  • Editorial
  • Commentaries
  • Opinion
  • Politics
  • Community

Support

  • Contact Us
  • Letter submission
  • Membership subscription

Follow Us

  • Facebook
  • Twitter
  • YouTube
  • Instagram
  • Fact Checking Policy
  • Privacy Policy

© 2022 - 2023 The Online Citizen Asia

No Result
View All Result
  • Opinion
    • Editorial
    • Commentaries
    • Comments
  • Current Affairs
    • Malaysia
    • Indonesia
    • China
    • ASEAN
    • Asia
    • International
  • Finance
    • Economics
    • Labour
    • Property
    • Business
  • Community
    • Civil Society
    • Arts & Culture
    • Consumer Watch
    • NGO
  • Politics
    • Parliament
    • Transport
    • Education
    • Environment
    • Health
    • Housing
  • Law & Order
    • Legislation
    • Court Cases
  • Lifestyle
    • Travel
  • Subscribers login

© 2022 - 2023 The Online Citizen Asia

wpDiscuz