What other countries can learn from Singapore Savings Bonds

Singapore is one of the success stories of the modern era. It has an economy described as business-friendly, free, competitive and dynamic. It stands out from debt-ridden economic powerhouses such as the UK and the U.S. A 2018 report showed that the booming southeast Asian country started having budget deficits as recently as 2015. And it is no wonder that the government decided to issue the Singapore Savings Bond to retail investors.