Share to help stimulate good governance, ensure future of people & M’sia
No News Is Bad News
‘Spending money that it (Govt) had not earned … once gone, is gone’
https://www.youtube.com/watch?v=a6Hq5u4Y-aA (PM Lee responds to opposition motion urging Singapore government to review reserves accumulation)
95,572 views 7 Feb 2024
Singapore Prime Minister Lee Hsien Loong on Wednesday (Feb 7) outlined the government's position on the reserves, as parliament debated a motion brought by Non-Constituency Members of Parliament Leong Mun Wai and Hazel Poa from the Progress Singapore Party (PSP). The motion called on the government to review its current budget and reserve accumulation policies in order to help Singaporeans reduce their financial burdens and improve quality of life, while continuing to save for future generations of Singaporeans. Mr Lee said taking a long-term view of the reserves and striking the right balance between present and future needs are vital responsibilities of any Singapore government. "We must protect the past reserves. It is our precious resource, our strategic advantage. It is a great source of comfort and reassurance that if we run into a jam, or find ourselves in a tight spot – which is bound to happen every so many years and not so many years – we will have one extra card to play. We will not be destitute," he said. "If any other political party thinks that this is not the right approach, if they truly believe that we should dip into our reserves more, then bring it to the ballot box. Put it upfront. Say you want to touch, you want to spend, you want to shift the rules. Don’t pretend that you’re just as prudent, only more kind-hearted. Campaign in the next general election on this issue. Ask voters for a mandate to form the government, change the Constitution, dismantle the second key. Put this squarely to the people, and let them decide," Mr Lee added. READ MORE: https://cna.asia/3utv57x 00:00 Start of speech 00:24 History of the reserves 16:24 How much is enough? 28:19 Protecting the reserves 35:39 On the opposition's view
KUALA LUMPUR, Feb 12, 2024: The above video clip features Singapore Prime Minister Lee Hsien Loong on Wednesday (Feb 7) outlining his Government’s position on the reserves, as parliament debated a motion brought by Non-Constituency Members of Parliament Leong Mun Wai and Hazel Poa from the Progress Singapore Party (PSP).
The motion called on the Government to review its current budget and reserve accumulation policies in order to help Singaporeans reduce their financial burdens and improve quality of life, while continuing to save for future generations of Singaporeans.
Lee said taking a long-term view of the reserves and striking the right balance between present and future needs are vital responsibilities of any Singapore Government.
"We must protect the past reserves. It is our precious resource, our strategic advantage …”
Lee’s response certainly shows why the tiny island republic state is today so far ahead of Malaysia in socio-economic progress and achievements.
It also shows why Malaysia is unlikely to progress any further - after 10 prime ministers (yes, now include Malaysia’s 10the Prime Minister Anwar Ibrahim) as the so-called Malaysian Madani Unity Government continues to support kleptocrats like Najib “1MDB” Razak.
And that is why Malaysia is struggling to settle its RM1.5 trillion national debt while Singaporeans are talking about how to spend its humongous reserves!!!
You don’t think so or agree? Then just watch the above video and digest what Lee says about prudent and wise governance in ensuring the people and country’s future.
Facebook image
No comments:
Post a Comment