Budget 2021 debate: Leon Perera seeks clarification from Alex Yam

In Parliament on Thursday (Feb 25), MP Leon Perera asked MP Alex Yam to clarify his use of “raiding the cookie jar” as a metaphor for opposition politicians’ suggestions of measures that would require drawing on Singapore’s reserves. He also asked if the rules governing drawdowns should not evolve as the amount of reserves relative to GDP, as well as the needs of society, change.