FIscal Prudence

MPS CALLING FOR FISCAL PRUDENCE, ARE WE DEEP IN DEBT?

But even as Singapore doubles down on investments to help businesses and workers transform, as well as continue social spending and infrastructure developments, some MPs have voiced concerns about overspending. MP for West Coast GRC Foo Mee Har noted that Singapore’s weakening fiscal position is a concern, after total expenditure growth outstripped growth in operating revenue for five consecutive years. She also said it is “worrying” that additional funds from Temasek’s inclusion in the Net Investment Returns (NIR) framework “appears to have been exhausted quickly”.

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