Leong Mun Wai on Government Securities and Treasury Bills
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Leong Mun Wai on Government Securities and Treasury Bills(Updated: )
The Government should set up a new borrowing limit - separate from current borrowing limits - for debt financing to cover long-term development projects and contingencies, NCMP Leong Mun Wai suggested in Parliament on Tuesday (Jan 5). He also asked if the Government would go one step further from the Centralised Liquidity Management scheme and deploy excess cash of statutory boards to longer-term investments. Mr Leong also urged the Government to tighten its budgeting process from block to zero-based budgeting and reintroduce multiple tax collection avenues.