Home News Featured News thanks "mighty reserves" for "mighty"

Goh Chok Tong thanks “mighty reserves” for “mighty” Resilience Budget

ESM says that, once the economy recovers, the reserves must be built up again for future use

Author

Date

Category

- Advertisement -

Singapore – Emeritus Senior Minister has taken to Facebook to thank the “mighty” Singapore reserves for coming in handy for the .

On Thursday (March 26), Deputy Prime Minister and Finance Minister Heng Swee Keat released the landmark supplementary budget statement in Parliament which was drafted to help Singapore through the pandemic.

Tagged as the “Resilience Budget”, an additional S$48.4 billion is being provided to businesses, workers and those severely affected by the crisis through various enhanced schemes. A total of S$17 billion of the Resilience Budget is being drawn up from past reserves.

In his post on the MParader Facebook page on Friday (March 27), Mr Goh expressed his gratitude for the “mighty reserves that we have saved up over the decades”. The word “mighty” was the theme of his post as he described the Resilience Budget, the crisis and the needed response from the public with the same adjective. “A mighty Resilience Budget to counter a ‘mighty storm’ of a pandemic deserves our mighty applause,” wrote Mr Goh.

- Advertisement -

He added that once the economy recovers, the reserves must be built up again for future use. “Not only do we need to save for a rainy day, but we also have to save for a rising sea level day and a virus day.”

Those who responded to the post on the MParader Facebook page praised what the Government was doing to deal with the Covid-19 pandemic.

Photo: FB screengrab/MParader

There were also those who zeroed in on the photo accompanying Mr Goh’s post, in which Workers’ Party leader was shown in a reserved state, while others around him had broken out in applause at the end of Mr Heng’s speech.

- Advertisement -

Photo: FB screengrab / MParader

Photo: FB screengrab / MParader

A mighty Resilience Budget to counter a ‘mighty storm’ of a COVID-19 pandemic deserves our mighty applause. Thank…

Posted by MParader on Friday, March 27, 2020

Read more on the Resilience Budget:

Landmark supplementary budget package to help businesses severely impacted by Covid 19

- Advertisement -

Another S$48 billion given in Resilience Budget on top of the S$6.4 billion; cash payout to S’poreans tripled

Follow us on Social Media

Send in your scoops to news@theindependent.sg 

- Advertisement -

Suspected Ang Mo Kio cat-slasher arrested

Singapore – A 37-year-old man has been arrested for his suspected involvement in a series of cat-slashing incidents in Ang Mo Kio. The Animal & Veterinary Service (AVS), an entity under the National Parks Board (NParks), conducted an operation on Tuesday (June...

Circles.Life telco comes under fire for ad that implies hierarchy between Chinese, Malays and Filipinos; company does not apologise

Update In an update, Circles.Life Singapore issued an apology on their Instagram page on Thursday (Jun 10).   View this post on Instagram   A post shared by Circles.Life (@circleslifesg) Delbert Stanley Ty, Head of Marketing also added: “We messed up. We’re sorry. Our posts were tone...

‘Badge Lady’ asks that charges against her be dropped, claims there were ‘errors’ in the investigation

Singapore — Phoon Chiu Yoke, or "Badge Lady" as she is called by netizens, has been released on S$8,000 bail after she was remanded at the Institute of Mental Health (IMH) for two weeks. The 53-year-old was infamously caught on camera refusing...
Follow us on Social Media

Send in your scoops to news@theindependent.sg 

Theindependent