24 Apr '11, 8pm

Housing not a make-or-break issue at GE: Mah Bow Tan

SINGAPORE - It is "highly misleading" and "mischievous" of Workers' Party (WP) chief Low Thia Khiang to allege that the Government has been guilty of taking from the reserves for years, said National Development Minister Mah Bow Tan. In the latest exchange of words between the WP and the People's Action Party on how public housing should be priced, Mr Mah said the Government is fiscally prudent and has not drawn on past reserves for any of its budget spending. The only exception was in 2009 when the Government withdrew S$4 billion to fund the Resilience package to revive the economy. In a press conference yesterday, Mr Mah said the money was returned to the reserves earlier this year and pointed out that Mr Low "had even commended the Government for doing so". On Mr Low's remarks that the Budget's S$3.2 billion Grow and Share package is considered as raiding the reserves, ...

Full article: http://www.todayonline.com/SingaporeVotes/EDC110425-00001...

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'Housing not a 'make-or-break' election issue'

'Housing not a 'make-or-break' election issue'

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