Tag Archives: Economic Crisis

WP Continues Asking Relevant Questions In Parliament On SG’s Reserves

Mr Perera questioned the Finance Minister on whether the Reserves should always go up and up at the same rate now as was in previous years, especially since 2008, where during the global financial crisis, Singapore had to use a tiny fraction of the Reserves. For comparison, DPM Heng said that Singapore's Reserves need not be dipped into during this period, as businesses and Singaporeans are hit hard by the COVID-19 situation.

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