Watch social spending so as not to burden future generations: MP Edwin Tong
- POSTED: 27 May 2014 18:28
Singapore cannot dip into its reserves to fund social spending as if it were a "bottomless pit", as that would be "completely irresponsible" says Member of Parliament Edwin Tong.
SINGAPORE: Social spending must be watched carefully so future generations of Singaporeans are not saddled with burden, said Member of Parliament Edwin Tong at the debate on the President's address in Parliament on Tuesday (May 27).
Mr Tong said greater spending does not mean programmes will be more effective. He said that as Singapore steps up social programmes and strengthens safety nets, the right balance should be struck so that every promise made is sustainable in the long term.
He warned not to give in to temptation to continually expand social entitlements, and ensure that programs have clear financial sustainability.
Mr Tong said Singapore cannot just dip into its reserves to fund social spending as if it were a "bottomless pit", saying that would be completely irresponsible.