Singapore Parliament Debates National Reserves Usage

Motion to increase reserve spending rejected in favor of fiscal sustainability, sparking calls for policy review.

Singapore's Parliament rejects PSP motion to use more national reserves, passing an amended motion for fiscal responsibility.
Prime Minister Lee Hsien Loong and Second Minister for Finance Indranee Rajah emphasize the importance of balancing present and future needs.
PSP and Workers’ Party MPs argue for greater transparency and flexibility in reserve usage to address current social issues.
Government officials stress the role of reserves in ensuring Singapore's financial stability and supporting citizens during crises.
The debate highlights differing views on reserve management, with calls for a review of policies to better meet Singaporeans' needs.