18 Feb '11, 8am

Photo intern!! Yes, you found @mrbrown's "reflection" tweet funny, but upping the contrast on this photo is just mean!

Photo intern!! Yes, you found @mrbrown's "reflection" tweet funny, but upping the contrast on this photo is just mean!

Mr Shanmugaratnam said the government does not have a legal or constitutional obligation to return the amount drawn. -- ST PHOTO: STEPHANIE YEOW THE Singapore government will be putting back into its reserves, or Resilience Package, Finance Minister Tharman Shanmugaratnam said in his budget speech on Friday. A total of $4 billion will be returned. The government had planned to draw $4.9 billion from past reserves but eventually used less than expected. Mr Shanmugaratnam said the government 'does not have a legal or constitutional obligation' to return the amount drawn. But, he added, 'it was the responsible and prudent thing to do' once a government has secured a stable fiscal position within its term. Overall, Singapore expects a small budget deficit of $300 million or 0.1 per cent of gross domestic product (GDP) for the financial year ending March 2011. That's better tha...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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Budget 2011: Govt to put back S$4b into past reserves: SINGAPORE : The government will put back into past reserv...

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