Home News Featured News Goh Chok Tong thanks "mighty reserves" for "mighty" Resilience Budget

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 Goh Chok Tong has taken to Facebook to thank the “mighty” Singapore reserves for coming in handy for the Resilience Budget.

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 Covid-19 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 Covid-19 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 Pritam Singh was shown in a reserved state, while others around him had broken out in applause at the end of Mr Heng’s speech.

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

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

Send in your scoop to news@theindependent.sg 

- Advertisement -

Independent Budget office a “wasteful duplication” of functions: DPM Heng

Singapore – Deputy Prime Minister Heng Swee Keat said that an independent Budget office would be a "wasteful duplication of functions" as there are independent audits by the Auditor General's Office and parliamentary scrutiny of the Government's spending. On Friday (Feb 26),...

Hyper-competition does not necessarily lead to better economic performance: PSP’s Kumaran Pillai

Singapore – Opposition Progress Singapore Party's (PSP) Kumaran Pillai took to social media to urge more investment in local talent as many feel they "have gotten the short end of the stick" when it comes to employment. In a Facebook post on...

Kranji land ‘erroneous’ clearing: more supervision not always best solution, says Chan Chun Sing

Singapore – Processes should be streamlined and not more layers of supervision added in public service, said Trade and Industry Minister Chan Chun Sing on Friday (Feb 26) in response to the erroneous clearing of a large patch of woodland in...

Send in your scoop to news@theindependent.sg 

Theindependent