Vikram Nair on reviewing public finances to help Singaporeans
Most Government budgets must provide for debt service and interest payments as a regular part of expenditure as they continue to carry the burden of past generations while trying to spend for the current generation. Singapore has a very different starting point, thanks to prudent spending and management of significant reserves built up over decades. MP Vikram Nair highlighted this point in Parliament on Wednesday (Feb 7), and said fiscally responsible and sustainable spending is an important component of the healthy situation that Singapore is in and through which Singaporeans can benefit on a sustainable basis. Mr Nair pointed out that the Government has built a nation with prudent spending. He said the real job of the opposition and the backbench is to “check” on Government spending. Mr Nair noted that the opposition is coming forward with different policies that require more spending and pointed out that the onus is on it to explain what the policy is.
Most Government budgets must provide for debt service and interest payments as a regular part of expenditure as they continue to carry the burden of past generations while trying to spend for the current generation. Singapore has a very different starting point, thanks to prudent spending and management of significant reserves built up over decades. MP Vikram Nair highlighted this point in Parliament on Wednesday (Feb 7), and said fiscally responsible and sustainable spending is an important component of the healthy situation that Singapore is in and through which Singaporeans can benefit on a sustainable basis. Mr Nair pointed out that the Government has built a nation with prudent spending. He said the real job of the opposition and the backbench is to “check” on Government spending. Mr Nair noted that the opposition is coming forward with different policies that require more spending and pointed out that the onus is on it to explain what the policy is.
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