Sacrifice and careful husbandry by earlier generations was how the Republic built up its nest egg of past reserves, and the current generation should see themselves as not just beneficiaries but also trustees who protect this inheritance for future Singapore ans, said Prime Minister Lee Hsien Loong.
The past savings were built up at a unique time in Singapore’s history when it could set aside budget surpluses, and This is why it is important to have the “right instincts”: to save where possible, to resist pressures to use the reserves, and to unlock them only when really necessary, he said.“We must not erode the patrimony, this family treasure, which we have inherited from our forefathers, nor should we burden future generations with debt nor mortgage their future,” he added. This compact of protecting the reserves has been forged across generations of Singaporeans, and had also been upheld across both sides of the House, he sai
PM Lee Hsien Loong Singapore Reserves Future Generations Savings Trustees Budget Surpluses Debt Inheritance
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