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 […]

Jamus ‘happy as a clam’ when he heard the government’s fiscal strategy

DPM Heng Swee Keat was happy to hear that WP Jamus Lim was ‘happy as a clam when he when he heard that our fiscal strategy reflected a number of elements that he had previously outlined.’ Excerpt from DPM Heng’s round-up speech: I was happy to hear that Associate Professor Jamus Lim was “happy as […]