Fiscal planning: matching funding with project type

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.