Committee of Supply 2021 debate, Day 1: Jamus Lim on forming an independent fiscal council

In Parliament on Friday (Feb 26), MP Jamus Lim proposed the formation of an independent fiscal council called the Parliamentary Budget Office of Singapore - to be seeded with an initial S$20 million and given the mandate to score all major policy proposals put forward by MPs for budgetary and macro implications. He said this could be especially useful at a time when Singapore is running the largest Budget deficit since Independence, with substantial uncertainty over its future economic evolution.