This ensures the Government’s ability to fulfil their obligations and also honour the sustainability of programmes rolled out.
No Government should make
In the first two to three years of a new term of government, it works very hard to carefully manage the Budget and grow the economy. “Because the rule in the Singapore system is that no government can make – or should make – empty promises on behalf of a future government,” he said in a speech at a Chinese New Year dinner for Tanjong Pagar GRC and Radin Mas SMC in February 2019.
The question often asked of surpluses is: what happened to surpluses?