Heng Swee Keat on Significant Infrastructure Government Loan Bill
10 May 2021 03:24pm
Singapore is expecting a "hump" in development expenditure as it invests in major, long-term infrastructure to improve connectivity, liveability and sustainability. With that in mind, a Bill was put up for debate in Parliament on Monday (May 10), to allow the Government to borrow to finance spending on nationally significant infrastructure. Deputy Prime Minister and Finance Minister Heng Swee Keat laid out the qualifying criteria for such projects, along with strict safeguards to ensure that future generations are not saddled with a high debt burden.