SINGAPORE: Correction directions have been issued to The Independent Singapore website and Mr Yeoh Lam Keong, a former chief economist of Singapore sovereign wealth fund GIC, after they posted false and misleading statements regarding the Government’s fiscal surpluses., under the Protection from Online Falsehoods and Manipulation Act , to be issued to Mr Yeoh in the space of five weeks.
"It is therefore untrue that the Government has 'a S$30 billion structural fiscal surplus' that is available for spending yearly." "Any public spending beyond these fiscal rules means that the Government will be using more from the past reserves and leaving behind less for the next generation," it said.
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