Notable quote by Hsien Loong

‘Drawing on our reserves should only be an absolutely last resort’ Lee Hsien Loong

Hsien Loong cautioned against the worsening world economy and that the govt may have to dip into the reserves again. But this will only be done as an absolutely last resort thing.

I also remember Leong Sze Hian saying that during Nathan’s term as President, the reserves were used for something like 29 times.