GE2020: Vivian Balakrishnan gets choked up explaining why govt won't touch the other 50% of NIRC monies
newsare.net
People's Action Party (PAP) candidate for Holland-Bukit Timah GRC Dr Vivian Balakrishnan got unexpectedly choked up while answering a question in a «Coffee Talk» Q&A video posted on his Facebook page today (July 8). In the video, candidatGE2020: Vivian Balakrishnan gets choked up explaining why govt won't touch the other 50% of NIRC monies
People's Action Party (PAP) candidate for Holland-Bukit Timah GRC Dr Vivian Balakrishnan got unexpectedly choked up while answering a question in a «Coffee Talk» Q&A video posted on his Facebook page today (July 8). In the video, candidates Vivian Balakrishnan, Sim Ann, Christopher De Souza, Edward Chia, and Liang Eng Hwa addressed some questions from residents. Liang is contesting for Bukit Panjang SMC, while the rest are running for Holland-Bukit Timah GRC. Dr Balakrishnan appeared to be holding back tears while answering one particular question regarding how the government manages its Net Investment Returns Contribution (NIRC). A resident had asked: «Every year, we allocate 50 per cent of the Net Investment Returns Contribution or NIRC to the national budget. I would like to know what happens to the other half. Also, why can't the monies be dispensed to our fellow Singaporeans especially during these trying and unprecedented times?» The NIRC are monies derived from investing assets owned by Singapore. Read more