Lessons from Sri Lanka on bad politics, mismanagement and populism

government, reserves, spend, sri, tax, lanka, country, borrow, Singapore, country, debt, future, foreign, GST, pay, politics, WP, jamus, pritam, singh

Good politics, honesty and integrity, and good governance are topics the PAP Government repeatedly remind Singaporeans of, sometimes like a broken record. But the experience of Sir Lanks tells us just how important these are. Sri Lanka is in its worst crisis since its independence in 1948.  A severe shortage of foreign currency has left […]

We have to manage our finances in a responsible way: Lawrence Wong

Prudence in Past Reserves- We have to manage our finance in a responsible way

In 1959, Singa­pore won self-governing status from the British, and general elections were held. Dr Goh Keng Swee resigned as a civil servant to contest as a PAP candidate. When the PAP won, Dr Goh became Singapore’s first Finance Minister. He soon discovered that the government was almost broke, and expected a budget deficit of […]