We felt that his point was suitable not only for managing of the country's finance, but also for everyone's finance!
As such, we will be elaborating how it can be used for our personal benefits.
OTHER LINKS:
GE Effect on STI
Raising of Re-Employment Age to 67
VIDEO LINK:
https://www.facebook.com/ChannelNewsAsiaSingapore/videos/10153132279632934/
First 3 Minutes of Video: Prudent Budgeting & Asset Management
Last 3 Minutes of Video: Explaining CPF (government retirement fund) returns
We will be talking about the First 3 Minutes in this post
In the video, the minister mentioned that in Singapore,
1) We've had more than 30 years of budget surplus being saved away in reserves
2) We sold land for money, and kept the money also in reserves
3) The reserves are then invested, ...