LO Pritam Singh - On Singapore Reserves 7th Feb 2024

The Workers’ Party supported the original motion put forward by PSP NCMPs, Leong Mun Wai and Hazel Poa, calling upon the government to “review its current budget and reserve accumulation policies”.
While rigorous debate on the government’s reserves policies have taken place in Parliament over the decades, it has often been an unproductive and stymied effort with more left to be desired.
In his speech on the motion, LO Pritam Singh advanced that this is because the overly-secretive and reductive approach that the government has taken towards those that may raise well-intentioned questions on reserves policy, has closed off any possibility for mature and civil conversations.
We have seen this through the narrow mischaracterisation of any enquiries by the Workers’ Party on the use of NRIC for social purposes as wanting to “raid the reserves”. Soundbites like there is “no such thing as oversaving” also do not benefit Singaporeans towards helping to enhance discourse on the subject. This is especially the case when fuller details about the reserves are not forthcoming - a situation that becomes all the more unsatisfactory and acute when MPs have to vote on a drawdown of reserves without knowing how much would be left thereafter.
LO Pritam Singh further advocated that a Standing Select Committee be established to look into the health of our reserves, and how we can use investment returns more equitably in future. Ultimately, as Singapore’s social contract evolves, it will become important for the government to leave itself the option of reviewing its position, in particular on the usage of investment returns from reserves.
#wpsg #makeyourvotecount

[@user-ib6qc5nc8r]

Well said, Pritam Singh! So glad you're a WP MP.

[@jacksonwong90]

Secret discreet leads to no transparency so government can enjoy without accountability n transparency , after 6 decades

[@user-vc3dd1pe6m]

Susie Pillai. No questions. Sengkang square. I know it is a robot number 9th. No Dracula or Pontianak. My Cross is Criss Cross strong. Potong Pasir got. They are fine my children. Taken my jewellery downstairs safely and four boxes. Mine I bought it. Keep it safely. Got to open bank account. They have my identity card. No need him. Got mother enough. I am looking for Paul and simon.as legal wedding two husbands and one wife . 39 prime district boutiques condos and three sub urban condos as it is by molecules and it is non transferable and non transmitted bypass surgery. Can be used for your family all got together with susheela v Pillai kissing scene.

[@LonganLee]

Thanks to Pritam, i now know almost every MP do not know the accounting truth of the reserves when they vote for drawdown. Hope most are unaware of this fact. This is a First World Parliament indeed. We have arrived . 🎉 No one is Complicit. Why? Because we cannot prove it. 🤣🏳️🏳️🏳️ Sporens are indeed very A.I😅 and A1 and A*. We must continue and remain politically correct . Together, we can Majulah in the spore! Hip hop hurray!🤭 God teach us to be honest. Let's maintain our honesty for judgment day

[@ohleemartin7184]

The only political agenda WP has to hold this gov accountable good job pritiam

[@kohahchwee9906]

hold gov accountability??? joking to your ownself!!! they cannot even account for their own party yet you wanted to dream that they could hold the gov accountability!!! fat hope!!!! for years worthless party pritam singh been in parliament just wasting time talking rubbish!!! to you good at talking rubbish is good job!!!!

[@AB-vw8wz]

Quite dissapointed WP keep asking to use the reserve, rather than saveguard it

[@weiwang8239]

this guy only know how to talk and criticise but don’t have any real solutions to give. and that’s why they say “Criticizing is easy. Creating is hard. Anyone can tear down an idea; the true test of insight is whether you can build an idea of your own.”

[@ohleemartin7184]

‘Raiding our reserves’ is a common refrain from members of the PAP Government whenever alternative policy proposals are put forth.

[@kokkeeSeck-xs5yj]

A "raid" on the reserves as an accusation against the Oppositions is totally ridiculous.

[@kelvinkj7074]

Great plan to protect our savings and expand our reserves and not spend our money. Really very wise and clever. Great party.

[@JackyMan22]

We need more open free speech and opinion for the people to remain sane. Freedom is good, with good intent. 🐌📚

[@thngthng5592]

Reserve should be growing and it should also be spent wisely, preferably approved by a trusted committee.

[@jacksonwong90]

"" trusted "" committee.

[@LonganLee]

Already during Ong Teng Cheong time, to audit the coffers require 50 plus man-years. Continued secrecy means what? Eternal unAuditable Reserves? Then we base on Believing meh? Kamrinia? Spore👏👏👏👏👏👍👍👍👍 the peeps must be proud

[@lamjianyuan]

After 9% gst and high cost of living, this is one of the reasons why common singaporeans need to vote and put in more opposition mps and positive oppositions into the singapore chambers. Only the WP and PSP voice out and fought for the needs and human rights of common and poor singaporeans, these days.

[@davewong8572]

to reveal our reserves is akin to us stripping down to bare skin & subject ourselves to outrage of modesty. As LO, I find it odd why WP & for the matter PSP is so eager to find out our reserves. Please lah ask questions about cost of living propositions. Ask about propositions to help the lesser privileged.Ask about propositions to assist the lower income. Stop using the parliament house as a platform to further your own agenda. Be the majority & form the government instead of always skipping at the current PAP government. I am not pro PAP & I am neither on the other side. What matters was that the PAP did more ground work than all the opposition parties combine. All bark & no bite. Form the government if think u can get the citizen mandate

[@rubenjames2886]

@davewong8572 I find it odd you open a user profile just to comment on KZbin videos. Are you a Bot😅

[@oyu7505]

@dave. I like ur anology, 'stripping dn to bare skin & subject ourselves to OM'. It's just that. We ask for trouble if we do that.

[@Hs5687]

Bcz Reserves contain Evidence of PAP’s Criminal Enterprise… ie. Land Grab etc

[@anziar3038]

The govt should give everyone from WP a million dollars from the reserves to stop them from populist bitching. ❤❤

[@ellusion1985]

Precisely...seems like someone is not contented with his LO pay...using this national reserves topic year in year out to stir the emotions of the public...wasted my vote on WP!

[@lamjianyuan]

Hi mister, why do you care? You are just a small malay and a small foreigner from Malaysia. Just care about your own life, Mr. Anzia.

[@LonganLee]

Singaporeans buying $500k flats must not kaobei and still ensure the status quo. This takes courage. Else how to defend spore of easily intimidated?

[@ellusion1985]

For god sake, stop quoting Singaporeans as am excuse! And stop using us as yr political agenda! We didn't ask for the exact figure of the reserves because it is not necessary! Please stop eyeing the national reserves! National reserves should be kept as a state secret! Shame on you WP!

[@josephinewong0103]

Not only locals but foreigners too are eyeing our huge reserves.😅

[@facepalmsgmotoring4557]

It would be quite something if we have a healthy reserve with their obscene self decided salaries.

[@LonganLee]

Good proposition by WP : to have a Select Committee to question the Reserves while keeping the Reserves a secret. 👍👍👍

[@siewkuenwong7879]

No efforts and contributions done so far only want to know how much hard-earned reserves and harping on undesirable spending

[@ohleemartin7184]

No pap are the ones overspending the reserves with no accountability

[@ohleemartin7184]

Rubbish

[@siewkuenwong7879]

@@ohleemartin7184 RUBBISH!

[@ellusion1985]

​@@ohleemartin7184becos u refused to listen to how the govt is topping up our reserves with NIRC...it is a shame that there are ignorant Singaporeans like u despite our high education standard in Singapore...

[@harisomakantan6168]

For a so called "developed nation" we spend the least on social spending for a nation of one of the most hardworking citizens.

[@LonganLee]

If the public demands for transparency and against the secrecy, what happens? Or are most not able to see the issues? Do their MPs know what is left in the reserves based on accounting truth or based on belief? I am not saying is abyone complicit. I am asking a pertinent question. Someone is very lucky that most of the MPs are not asking about the reserves in Parliament and more importantly , perceivably tge majority has no visible appetite to know the reserves possible basing their belief in the g. If this were in almost every other country, i wonder what would happen?

[@Abraham-uk4xy]

Dont know why the opposition making a big deal on the reserves. Its important that there are adequate reserves and they are well managed. This has been the case for decades. What else the WP want? Why not say thank you to the government for a change. Some appreciation please.

[@LonganLee]

I call for local banks to be given the right to keep their accounting secret also. So they can all scrap the accounting department, external audit, internal audit and even the CFO. Spore really the steady bombastic🤣🤭🏳️🏳️🏳️🏳️🏳️🏳️🏳️

[@AndyTeo-ng1je]

Worker's party,Pritam Singh Was so unbelievably amazing good for saying about the Singapore Governance and Singapore Reserves for more exclusive Singaporeans families for more getting Richer if so unbelievably the wonderful news about the Electoral votes for all Singaporean's privileging for more money for their good Utilities from Their good own Savings for more Pardons from C.P.F Savings and More C.P.F Savings assets and more C.P.F personal accounts for more Singaporeans due to CO-VID Pandemics if SINGAPOREANS Could be withdrawal from the money from C.P.F Providential fund outlet if the national government we must have called SINGAPOREANS for having These Elections reformance for deputy prime Minister/Leader Lawrence Wong to call for more Electoral votes At Discussing with the Singapore Parliament for General Elections Singapore 2024😍😍😍😍😍😍😍❤️❤️💰💰💰💰💰💰💰❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️ ❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️ ❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️😍😍😍😍😍❤️❤️❤️❤️❤️❤️❤️❤️😂!The Worker's party🥳!

[@pinktoebeans]

Pritam is grasping at straws here. All rhetoric, full on populism

[@kokkeeSeck-xs5yj]

A group of people were heard saying: "Aiyoh! Why so much secrets kept by Singapore Govt - size of National Reserves, Construction cost of a block of HDB flats or rather the actual cost of building a flat, sales price of water charged by Malaysia, and so on & on " !!!!

[@marinekong235]

committee = husband and wife

[@kohahchwee9906]

The worthless party prtitam singh forever is talking nonesense in wanting to score his political mileage points only. Just do cheery picking in his speeches to make his lies&lies look PEREFECT and very SOOTHING!!! Realities wasting time!!! After talking so much, when the PM challenge him to bring the issue to the next GE poll, he remained silent and coy out of the situation. A GREAT pretender indeed!!!!

[@LonganLee]

What do you base on when defending the Reserves secrecy? Oh, you base on ignorant of the accounting truth? 🤡🤡🤡🏳️🏳️🏳️🤣🤣🤣🏆

[@LonganLee]

Whats your basis of defending Reserves secrecy ? Oh, wait, you base on Ignorance of the Accounting truth. You are Complicit! 🤡🤡🤡🏳️🏳️🏳️🤣🤣🤣🏆

[@ohleemartin7184]

The opposition did give our constructive ideas and proposals did u guys even pay attention or just selective

[@vulcanken1273]

Age old issue deserve a honest transparent answer but the arrogance of the PAP leadership shame themselves of hypocrisy and authoritarian behaviour. Singapore don’t belong to PAP time to stop their attitude of entitlement and remind them they are civil servants elected to office to serve the people.

[@LonganLee]

❤Independent Accounting Truth vs Belief❤ Bo Bian one lah! Singapore🎉

[@zhihongyin8646]

新加坡的储备金就是唐僧肉，吃了可以长生不老，但。。。吃不到。另外，说不定也没有那么灵。。。

[@harisomakantan6168]

Critical thinking is hard for Singaporeans. They like being a child in the eyes of their govt. And they are grown-up adults.😂😅😂😂😂

[@Hs5687]

Ask PAP to explain Phenomena surrounding SG’s COVID. For starters, >95% of SG’s COVID Numbers fished from Helpless Foreigners in Dormitories scattered across Island?

[@n-animetv1121]

Easier said than done. Pointing fingers is always easy. Spending reserve is just an easy way out, easiest way to boost short term benefits to Singaporeans. However, I don’t see long term vision in it. Why don’t give more constructive ideas or proposals, why rather than waste time in this topic? Like Mr LKY once said, instead of fixing the problem, he has to fixed them… Opposition only Jamus Lim still talking sense, with less political agenda. LMW is another funny guy.

[@ohleemartin7184]

This isn’t pointing fingers

[@ohleemartin7184]

They did give constructive ideas are u people blind or something

[@xijinpig7978]

LKY once said... My son, my son.... and he left

[@Banana-cc5rx]

People seem to forget opposition's job is to nitpick the leading party for the mistakes they make. Of course they are going to "point finger" that's literally their role is for. End of the day, pap still hold the majority vote and can do whatever they see fit. As long as citizens do not start to vote right, opposition will just do what they need to do and collect their wages. They already did their job, not their problem if the country degenerates into a shit hole.

[@grizzlyjp]

Singapore will be in safe hands if/when Pritam Singh becomes Prime Minister in the future.

[@Hs5687]

PAP may just Give it to him on Silver Platter …ie. So many LKY Trusted Generals have Disappeared ，Distanced themselves or Politely Declined High Office Appointments… Not even one LKY Trusted General even bothered to Intervene to Rescue LKY’s Reckless Kids in Lee Family Circus 🎪…. What these mean ?

[@oyu7505]

My toes r laughing aloud！

[@Hs5687]

PAP Never Been Gracious Losers … A Coalition Government where PAP no longer Dominate is Good Enuf …

[@n-animetv1121]

LOL

[@Hs5687]

PS not so Dumb or Naive to wanna be PM ( although he can ) Given PAP Never Been Gracious Losers ..Best Case Scenario, is Non PAP Dominated Coalition Government… 😊

[@LonganLee]

I like HSK father who is a great Comedian of sg. HSK has contributed greatly in his own ways. I luv PAP❤ East Coast Plan🎉 we should pay tribute to Wang Sa and even Ye Fong for their sacrifices

[@twong6531]

You really champion in talking rubbish. May you eat your rubbish in 2024.

[@izuaff04]

SGD2.2 trillion?..😂

[@saydaryt1900]

我们或许怕阿舍仔，更怕败家仔把钱败了，我们还在蒙在鼓里

[@teckhuilim2773]

👎👎👎👎👎👎👎

[@lamjianyuan]

After 9% gst, tharman sucks, teo,lee and the pap suck 🍍👎👎💩💩.

[@emalejack]

Not just review the reserve amount it should be hangout to the unemployed or poor…

[@Hs5687]

Ask PAP to explain Phenomena surrounding SG’s COVID. For starters, >95% of SG’s COVID Numbers fished from Helpless Foreigners in Dormitories scattered across Island?