IT IS a misconception to think there is an amount of national reserves which would be “enough”, said Prime Minister Lee Hsien Loong in Parliament on Wednesday (Feb 7).
“We can never say for sure how much is enough, because we don’t know what kind of crises we will face in the future or how our investments will fare,” he said, citing the Covid-19 pandemic and possibilities such as war.
He was speaking in the debate on a motion filed by the Progress Singapore Party (PSP) on Singapore’s reserves and budget policies.
https://www.businesstimes.com.sg/si...ough-when-it-comes-singapores-reserves-pm-lee
“We can never say for sure how much is enough, because we don’t know what kind of crises we will face in the future or how our investments will fare,” he said, citing the Covid-19 pandemic and possibilities such as war.
He was speaking in the debate on a motion filed by the Progress Singapore Party (PSP) on Singapore’s reserves and budget policies.
https://www.businesstimes.com.sg/si...ough-when-it-comes-singapores-reserves-pm-lee