Quality growth and building a fair and equitable society are the key thrusts of Budget 2014 announced by Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam on 21 February 2014. On strengthening social support, a $8 billion fund will be set up for the Pioneer Generation Package to provide life-long health-care benefits for 450,000 pioneers. There are also measures to help older workers and elderly Singaporeans for health-care, and the young for pre-school and tertiary education. On transforming the economy, there are incentives to foster growth based on innovation and deeper capabilities, create higher-value industries and quality jobs, and sustain higher incomes for Singaporeans.
ISCA Research has produced a Budget bulletin giving you a snapshot of the key initiatives and our insights.