Rising debt is a ‘very serious issue’ that governments face, says Singapore minister

Governments have done the right thing to increase borrowing and spending to support their slumping economies, said Tharman Shanmugaratnam, Singapore’s senior minister and coordinating minister for social policies.Governments have done the right thing to increase borrowing and spending to support their slumping economies, said Tharman Shanmugaratnam, Singapore’s senior minister and coordinating minister for social policies.