Govt may tap reserves


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Nisa

Nisa

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Govt may tap reserves

SM Goh said the PM and finance minister are considering doing so to pay for some of the measures in next week's Budget. -ST

Sun, Jan 18, 2009
The Straits Times

THE Government is considering dipping into its reserves to help tide Singaporeans through the economic downturn.

Senior Minister Goh Chok Tong revealed on Sunday morning that the Prime Minister and Finance Minister are mulling over the possibility of dipping into the reserves to pay for some of the measures in next week's Budget.

Speaking to reporters after giving out hongbaos to the low income in his Marine Parade constituency, he said: 'The issue which the Prime Minister and the Minister of Finance is now thinking over, is whether we should go to President, and ask him for approval to use the reserves for extraordinary measures.'

source : - http://news.asiaone.com/print/News/AsiaOne+News/Singapore/Story/A1Story20090118-115455.html
 

Nisa said:
Govt may tap reserves

SM Goh said the PM and finance minister are considering doing so to pay for some of the measures in next week's Budget. -ST

Sun, Jan 18, 2009
The Straits Times

THE Government is considering dipping into its reserves to help tide Singaporeans through the economic downturn.

Senior Minister Goh Chok Tong revealed on Sunday morning that the Prime Minister and Finance Minister are mulling over the possibility of dipping into the reserves to pay for some of the measures in next week's Budget.

Speaking to reporters after giving out hongbaos to the low income in his Marine Parade constituency, he said: 'The issue which the Prime Minister and the Minister of Finance is now thinking over, is whether we should go to President, and ask him for approval to use the reserves for extraordinary measures.'

source : - http://news.asiaone.com/print/News/AsiaOne+News/Singapore/Story/A1Story20090118-115455.html
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the Prime Minister and Finance Minister?
 

Pinoy said:
Yep. The current PM holds the FM position in the government as well.

:Later,
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Tharman SHANMUGARATNAM is the Minister for Finance
 

Nisa said:
Tharman SHANMUGARATNAM is the Minister for Finance
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I stand corrected. :sweat:

/me goes back to the bat cave. :sweatsm:

:Later,
 

Pinoy said:
I stand corrected. :sweat:

/me goes back to the bat cave. :sweatsm:

:Later,
Click to expand...

No worries. It was a honest mistake. And we Singaporeans are extremely tolerant towards honest mistakes. Let's move on shall we? :p
 

Yup, and all the signs point towards an election coming. Notice the cascading waves of good news (minibonds news just before this).
 

About time..... :thumbsup:

So, would they give the citizen enough for us to get a 5DMkII ?? :think::bsmilie:
 

diCam said:
What are you trying to say? :dunno:
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That he doesn't know that PM Lee had relinquished the Finance Portfolio to Tharman Shanmugratnam long ago? :dunno:
 

jsbn said:
That he doesn't know that PM Lee had relinquished the Finance Portfolio to Tharman Shanmugratnam long ago? :dunno:
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I don't want to 2nd guess what is in the mind of dreaming when he/she posted this question. Better hear it from the horse's mouth. After all, dreaming should elaborate on it.
 

Last edited:
How about giving out voucher to every Citizen to spur the expenditure like Taiwan did? :lovegrin:
 

diCam said:
I don't want to 2nd guess what is in the mind of the TS when he posted this question. Better hear it from the horse's mouth. After all, the TS should elaborate on it.
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TS? i always tot TS = Thread starter.... :p
 

This is what it is meant for.

We are fortunate that we have reserve... what if we don't?
 

+1 before close

as I thought CS cannot discuss politics one? :bsmilie:
 

Yappy said:
This is what it is meant for.

We are fortunate that we have reserve... what if we don't?
Click to expand...

we can always lower or get rid of GST this year just to encourage spending.

jude
 

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