Singapore govt may dip into reserves

"It's a difficult decision, because once you do that you may open the reserves for future demands which may not justify the use of the reserves. So, it's an issue that the Prime Minister is thinking over very carefully," he said.

But Mr Goh stressed that such a move is intended for exceptional times.

"And we've always said, the reserves are for a rainy day. So if this is not a rainy day, I don't know what is a rainy day. But nevertheless it has to be justified to the President. So, that's an issue which Finance Minister and the Prime Minister would have to deliberate quite carefully," said Mr Goh.

Full Article :CNA