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Singapore must never spend more than it earns and burden future generations: PM Lee

Published on Mar 5, 2014 11:57 PM
 
Singapore must never fall into the same hole as some countries which spend more than they can earn, said Prime Minister Lee Hsien Loong on Wednesday night in a Facebook post. -- FILE PHOTO: BLOOMBERG

Singapore must never fall into the same hole as some countries which spend more than they can earn, said Prime Minister Lee Hsien Loong on Wednesday night in a Facebook post.

He warned that doing so would drag down the economy and burden future generations. Instead, Singapore should keep its economy vibrant and live within its means.

It is only through doing so that the Government will be able to provide help and assurance to all and keep Singapore a nation of opportunities, he said.

Mr Lee noted that MPs from both sides of the House had supported this year's Budget, especially the Pioneer Generation Package.

 
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