SINGAPORE: Emeritus Senior Minister Goh Chok Tong said the White Paper on Population is the government's plan to forestall an impending crisis.
Speaking in Parliament for the first time since he stepped down from Cabinet in 2011, Mr Goh also said decisions made will have implications on Singapore's competitiveness and international stature.
Mr Goh said the government faces some serious challenges ahead such as addressing the constraints of space and the limits of an ageing and shrinking citizen population.
There is also the need to meet the higher expectations of a well-educated young generation for better jobs, promising careers, affordable housing and comfortable lifestyles.
Thus, the White Paper is a strategic plan to find solutions to sustain growth and prosperity to benefit all Singaporeans.
Mr Goh said: "But unlike our previous crises, our demographic challenge unfolds imperceptibly over one or two decades like a slow, sinking ship. Yet it is urgent, in that we need to decide how to act now to right the ship. That is the difficulty for the Prime Minister and his team. They have to think long term. They can see the population pyramid becoming unstable. They can see the silver tsunami coming. They can see the economy deflating at some point in the future. They fear the Singapore ship will sink."
Mr Goh said he is reassured that the population figure of 6.9 million is a planning parameter and not a target.