Singapore Budget 2018: A quiet but seismic shift in Singapore's approach to borrowing
Govt mulls providing guarantees for long-term borrowings made by statutory boards and govt-owned firms to build critical national infrastructure
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Singapore
THE Singapore government's conservative approach to spending is well known - it has not borrowed to finance its expenditures since the 1980s.
But Budget 2018 seemed to signal a potentially seismic shift in this way of thinking. As Singapore's infrastructure needs grow, the option to use debt to finance big-ticket expenditures is back in the limelight.
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