Budget 2021 debate: Foo Mee Har on exercising discipline in borrowing

Singapore must guard against going down the slippery slope of other countries where the burden of debt repayment becomes a major component of the country’s finances. MP Foo Mee Har sounded this warning in Parliament on Wednesday (Feb 24) following the Government's plan to borrow up to S$90 billion for major and long-term infrastructure investment, despite the uncertain economic environment. She also asked how the limit was arrived at; if it would be adjusted as GDP grows; and what the impact would be on future generations and Singapore's credit rating.