Good Budget, thanks to reserves

Singapore is indeed fortunate to have reserves that yielded a Net Investment Returns Contribution (NIRC) of $14.7 billion, which made Budget 2016 possible ("10 ways the Budget will change Singapore"; April 16, and "10 things you need to know"; March 25).

I am glad the Government will enact stronger measures to ensure that our reserves are not frittered away by a profligate government of the future.

We cannot have a government held hostage by a lone president who counters the government's policies at every turn.

The sky is the limit for us to grow our reserves. We have added $7 billion to $9 billion a year to the Budget, from financial year (FY) 2009 to FY2015.

Can we maintain this level of accumulation?

The younger generation will inherit our reserves, and it is up to them how they want to add to these. The future is in their hands.

Tan Kok Tim