I was referring to this article by MBT.
http://www.straitstimes.com/GeneralE...ry_659136.html
NATIONAL Development Minister Mah Bow Tan has slammed the Workers' Party (WP) proposals to make new HDB flats cheaper, saying they will devalue the flats of one million current homeowners and illegally raid Singapore's reserves.
I thought that by giving more grants (subsidies), government earn less and hence raiding the reserves......
When PAP spent, it is not called raiding the reserves.
When Opposition proposed, it is called raiding the reserves and Singapore will bankrupt soon.