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Parliament: Elected President protects reserves in a way that Parliament cannot, says DPM Teo

Monday, November 7, 2016 - 18:45

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Every political system has its strengths and weaknesses, and Singapore conceived the institution of the Elected Presidency as its parliamentary framework may not provide sufficient protection of the nation's reserves, Deputy Prime Minister Teo Chee Hean told the House on Monday (Nov 7).

[SINGAPORE] Every political system has its strengths and weaknesses, and Singapore conceived the institution of the Elected Presidency as its parliamentary framework may not provide sufficient protection of the nation's reserves, Deputy Prime Minister Teo Chee Hean told the House on Monday (Nov 7).

He noted that some have argued that Parliament provides the best safeguard, but countered that there is little or no incentive for lawmakers to resist appeals from a government should it decide to indulge in populist spending.

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