Budget 2025 debate: Lim Wee Kiak on Singapore’s energy reset
The government confiscated about S$3 billion from a money laundering syndicate last year and it is understood that a substantial portion remains tied up in ongoing investigations and court proceedings. In this context, did the confiscated funds contribute to Singapore’s Budget surplus? MP Lim Wee Kiak, who raised this question in parliament on Thursday (Feb 27), asked if the government would consider utilising a portion of the confiscated money to support Singaporeans who have suffered devastating losses to scammers. It would also demonstrate the government’s empathy and commitment to supporting citizens affected by financial crime. In his speech, Dr Lim highlighted three key areas which are vital to Singapore's future energy reset - energy, people and environment. He stressed the need to strengthen Singapore’s resilience across all vital sectors to secure a brighter future.
The government confiscated about S$3 billion from a money laundering syndicate last year and it is understood that a substantial portion remains tied up in ongoing investigations and court proceedings. In this context, did the confiscated funds contribute to Singapore’s Budget surplus? MP Lim Wee Kiak, who raised this question in parliament on Thursday (Feb 27), asked if the government would consider utilising a portion of the confiscated money to support Singaporeans who have suffered devastating losses to scammers. It would also demonstrate the government’s empathy and commitment to supporting citizens affected by financial crime. In his speech, Dr Lim highlighted three key areas which are vital to Singapore's future energy reset - energy, people and environment. He stressed the need to strengthen Singapore’s resilience across all vital sectors to secure a brighter future.
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