CONCLUSION

Mr. Speaker, Sir, after three years of slow growth, the world economy is expected to perform better in 1994. The signs are optimistic. The US economic expansion will remain strong. After last year's dismal performance, this year's outlook in Western Europe is comparatively brighter. Japan is also expected to improve this year. Again, the expanding economies of Asia will lead the pack. We, in Singapore, can prosper and grow together with our neighbours and trading partners, if we remain competitive and productive. This, I am confident, we can achieve if we continue to prize diligence, effort and enterprise above luck and quick gains.

Mr Speaker, Sir, I beg to move. [Applause].

Mr Speaker: The Question is, "That Parliament approves the financial policy of the Government for the financial year 1st April, 1994 to 31st March, 1995." In accordance with paragraph (1) of Standing Order No. 86, the debate now stands adjourned.

Debate to be resumed on what day, Dr Hu?

Dr Richard Hu Tsu Tau: Monday, 7th March, 1994, Sir.

Mr Speaker: So be it.