Borrowing plan for infrastructure projects expands Govt’s fiscal envelope

Prof Allaudeen Hameed, Dr Zhang Weina and Prof Duan Jin-Chuan of NUS Business School opined that the national plan to provide guarantees for long-term borrowings made by statutory boards and government-owned companies for infrastructure projects expands the government’s fiscal envelope and also lowers the cost of borrowing and infuse projects with private sector due diligence.