An honorable member of the Coffee Shop Has Just Posted the Following:
Beyond confusion of Ms. Josephine Teo’s vacuously ambiguous parliamentary assurance to the Honorable Member for Ang Mo Kio on PGP funding, her stance on the government’s future need for expanded financing needs forward in relation to similar should NOT be met out of increased Sovereign Wealth Funds (SWF) contribution left me in more DISTRESS than confused.
I am truly alarmed. Why shouldn’t there be performance pressure on our SWFs to deliver the economic pie – even if it is just for extra-ordinary expenditure drive like PGP? We spent $20.4 billion out of our reserves during the GFC on the so-called “Resilience Package” – a decumulation in the disposal of accumulated assets of this nation. Why shouldn’t that decumulation be replenished by superior performance over extended period as a preferred and much desired objective, Ms Josephine Teo? Is that prudent financial management of spending resources in hard times and not earning that back in “good” recovery times?
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http://www.tremeritus.com/2014/03/27...fused-part-25/
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27-03-2014, 11:00 PM
Blur Jo Teo talk cock in parliamentary Q&A session
