“If it’s not raining, I don’t touch it. If it’s a sunny day and I can afford to, I put a little bit more into it,” he added. “... I keep on having this attitude that I would like to build it up a little bit more when I can so that the next generation will be in a more secure position than I am today.”
the head of DBS Bank suggested that Singapore can reimagine what can be done with its sizable reserves
While affirming that the country has sufficient reserves “for most circumstances,” the Prime Minister added that to think that this will always be the case is the “biggest misconception,” as spending needs are already growing faster than the growth of revenues. “One day, if we have a rogue government” that would result from a “freak election” that “put the wrong team in charge”, all the reserves could be gone within one term, he quoted founding Prime Minister Lee Kuan Yew as having said in the National Day Rally of 1984.
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