Govt may tap reserves
SM Goh said the PM and finance minister are considering doing so to pay for some of the measures in next week's Budget. -ST
Sun, Jan 18, 2009
The Straits Times
THE Government is considering dipping into its reserves to help tide Singaporeans through the economic downturn.
Senior Minister Goh Chok Tong revealed on Sunday morning that the Prime Minister and Finance Minister are mulling over the possibility of dipping into the reserves to pay for some of the measures in next week's Budget.
Speaking to reporters after giving out hongbaos to the low income in his Marine Parade constituency, he said: 'The issue which the Prime Minister and the Minister of Finance is now thinking over, is whether we should go to President, and ask him for approval to use the reserves for extraordinary measures.'
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