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.

Singapore's Finance Minister Heng Swee Keat said the government will pursue new investments using a "differentiated fiscal strategy", taking one approach for major …