- Joined
- Dec 30, 2010
- Messages
- 12,730
- Points
- 113
When the Resilience Package was announced in 2009 to combat the recession, I believe Singaporeans were given the impression that it was the first time ever that the Reserves were being used.
The report states that “President S R Nathan’s office has been approving the use of past reserves to fund land reclamation projects since 2001 and land acquisition for the Selective En-Bloc Redevelopment Scheme (Sers) since 2002”.
To the best of my knowledge, I do not think anyone in Singapore knew about the use of the Reserves in the past.
Was this ever disclosed in Parliament or reported in the media?
- http://theonlinecitizen.com/2011/08/how-much-of-the-reserves-has-been-really-used/
The report states that “President S R Nathan’s office has been approving the use of past reserves to fund land reclamation projects since 2001 and land acquisition for the Selective En-Bloc Redevelopment Scheme (Sers) since 2002”.
To the best of my knowledge, I do not think anyone in Singapore knew about the use of the Reserves in the past.
Was this ever disclosed in Parliament or reported in the media?
- http://theonlinecitizen.com/2011/08/how-much-of-the-reserves-has-been-really-used/
