Annual report from the President

Hi Kin Lian,

I read your post on publishing the government financial reserves at book and market value. This might not be a prudent move as could possibly allow other govts to eye "financial aid" from SG. How can you protect the reserves when you have to face the political pressures of external govts who require "financial aid"?

In the normal world, when an individual strikes toto/4D, they will start seeing many new friends and relatives start becoming closer to them in the hopes of gaining financial aid. I do not deem it prudent to reveal your bank account to anyone.

Most of your other comment's I would agree with you. However, just the point of revealing your country's bank account is, in my opinion, already not protecting the reserves.

The other way is to first gain the trust of the population, then issue a statement from the SG President that all the reserves are properly accounted for and leave it at that. But then again, that would depend on the trust of the population on the word of the SG President.

 

REPLY

i believe that the financial affairs of most governments around the world are quite transparent.