Leong Mun Wai on Significant Infrastructure Government Loan Bill

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Leong Mun Wai on Significant Infrastructure Government Loan Bill

(Updated: )

In Parliament on Monday (May 10), NCMP Leong Mun Wai voiced support for the Significant Infrastructure Government Loan Bill, saying it can improve the financial efficiency and fiscal accountability of Singapore's public finances. However, it is not an indication that the Government is short of funds for national development, he said. Mr Leong said the Significant Infrastructure Government Loan Act is an "additional financing scheme" and is "not an absolutely necessary funding source". However, he hopes inter-generational equity will be a "guiding principle from now on".

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