Last week we were able to witness another disturbing attempt to justify raiding Singapore's reserves by local opposition parties. Since raising taxes is unpopular and opposition politicians have no idea how to generate more money to fund their generous populism that aims to rob PAP of votes, it&
Happy Birthday Singapore! Since the topic of reserves was brought up again, I thought it's a good opportunity to emphasise that, given my observation of what people in SG say and think, general understanding of what these reserves appears to be quite poor. This is why it'
When you don't see the money, you can't begin to plot how to spend it.
My foreign readers, unacquainted with Singaporean governance, may find it surprising to learn that the country has no debt (net), that the government does not borrow money to finance public spending and that all the surpluses it generates are directed to the nation's reserves upon completion of every
