‘Severe implications’ if Singapore does not have sufficient reserves as buffer: Chan Chun Sing
How much the country spends and saves is a signal to currency markets on the strength of the Sing dollar, says the Minister in the Prime Minister’s Office.
Read more at https://www.channelnewsasia.com/news/singapore/singapore-budget-2018-gst-reserves-chan-chun-sing-9988352 (Updated: )
Yes agree that Singapore Government should be steadfast in maintaining sufficient reserves as saving and buffer for Singapore.
Reserves should not be used up and the formula to grow the reserves, specifically :- (1) Spend half of the income from reserve investment (2) Save half of the income from reserve investment to be plough back to grow the principal -- should be the right formula.
babe • 15 hours ago Maybe want to consider this :- (1) Should not spend all the returns from investing the nation's reserves. (2) Should not save all and plough back all the returns from investing the nation's reserves. (3) Should consider working out a formula to save some and plough back the returns from investing the nation's reserves and spend some on the returns from investing the nation's reserves on social spendings due to ageing population. By doing so, the National Reserve can continue to grow and at the same time, can help the ageing citizens through social spending - "Best of Both World".
babe babe • 15 hours ago In other words, spend half, save half - not spend all or save all if possible will be the best. Like · Reply · 1m
Ricky Lim · Singapore Save half and Spend half - is Middle Path （中道）mah.
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