Next generation will have to pay more taxes if more reserves used today: DPM Wong
04:31 Min
During an hour-long debate, Deputy Prime Minister and Finance Minister Lawrence Wong cautioned against using too much of Singapore's reserves for current spending -- something that opposition parties champion. He said investment returns on the reserves will fall, which means future generations will have to pay more taxes. Sherlyn Seah reports.
28 Feb 2024 11:10pm
During an hour-long debate, Deputy Prime Minister and Finance Minister Lawrence Wong cautioned against using too much of Singapore's reserves for current spending -- something that opposition parties champion. He said investment returns on the reserves will fall, which means future generations will have to pay more taxes. Sherlyn Seah reports.
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