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Fiscal planning: matching funding with project type
Analysts say the Singapore govt's prudent stance augurs well for long-term spending
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Published Mon, Feb 18, 2019 · 09:50 PM
Singapore
THE Singapore government's plan to adopt a dual approach on new investments - borrow for big-ticket, lumpy infrastructure projects and tap recurrent revenue for social and security undertakings - was deemed by analysts as fair, decisive and a furtherance of its hallmark prudent fiscal stance.
"It's a sound rationale and a fairer way of funding long-term projects which spans many generations... it enables the financial burden to be shared across different generations rather than be shouldered by one," said DBS economist Irvin Seah.
