My personal opinion is the introduction of inflation linked bonds for all government bonds will be ideal for Singapore as it brings about accountability.
The government's mandate is usually to ensure the economy grows at a suitable rate. However, the GDP numbers being thrown about does not necessary show the truth about the economy growth. In fact, the economy growth may come at an expense of high inflation, without any corresponding increase in the salary growth. This kind of growth is not healthy for the citizens as life will become harder and standard of living will be inversely proportionate to the economy growth.
Inflation linked bonds in a way will remind the government that there is a price to pay for economy growth, and it is in the government's interest to balance economy and inflation growth. This will also encourage prudence in using loans to fund economy growth as there is a price to pay if inflation spikes up as a result.
Hope that the government will consider this.
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