Can Singapore borrow to fund soft capital like education: Jamus Lim

infrastructure, borrow, fund, education, public, services, spending, expenditure, soft, Jamus Lim

Sri Lanka’s financial crisis didn’t happen overnight. It began harmlessly enough. Sri Lanka operated budget deficit after budget deficit. Instead of taxes, they borrowed at commercial rates to fund public services. Everything was okay as long as they were able to repay the loans and interests on time. But when their sovereign credit rating was […]

Lessons from Sri Lanka on bad politics, mismanagement and populism

government, reserves, spend, sri, tax, lanka, country, borrow, Singapore, country, debt, future, foreign, GST, pay, politics, WP, jamus, pritam, singh

Good politics, honesty and integrity, and good governance are topics the PAP Government repeatedly remind Singaporeans of, sometimes like a broken record. But the experience of Sir Lanks tells us just how important these are. Sri Lanka is in its worst crisis since its independence in 1948.  A severe shortage of foreign currency has left […]