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Jamus Lim on Government Borrowing (Miscellaneous Amendments) Bill

In consolidating the borrowing limits for Treasury Bills and Government securities, how was the ceiling of S$1.065 trillion arrived at and how often would it be calibrated, asked MP Jamus Lim in Parliament on Wednesday (Nov 3). Giving the example of the United States, he noted how a debt limit that is too frequently binding can “wreak havoc” on government operations. Assoc Prof Lim also asked about restricting the Monetary Authority of Singapore from accepting advanced deposits in anticipation of raising loans, saying this could “unnecessarily tie (its) hands”.

Jamus Lim on Government Borrowing (Miscellaneous Amendments) Bill

03 Nov 2021 03:12pm

In consolidating the borrowing limits for Treasury Bills and Government securities, how was the ceiling of S$1.065 trillion arrived at and how often would it be calibrated, asked MP Jamus Lim in Parliament on Wednesday (Nov 3). Giving the example of the United States, he noted how a debt limit that is too frequently binding can “wreak havoc” on government operations. Assoc Prof Lim also asked about restricting the Monetary Authority of Singapore from accepting advanced deposits in anticipation of raising loans, saying this could “unnecessarily tie (its) hands”.

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