Budget 2015 was announced by Deputy Prime Minister (DPM) and Minister for Finance Tharman Shanmugaratnam on February 23. This being Singapore’s 50th year of independence, the “Jubilee Budget” is focused on securing Singapore’s future and strengthening social security, and envisions a future that “enables us to realise the best in ourselves”. Outlining his vision for the Budget, DPM Tharman emphasised that “we must reach our next frontier as an economy, with firms driven by innovation, and higher incomes coming from deep skills and expertise in every job. We must ensure a society that is fair and just, where everyone has a chance to move up and do well regardless of where they start. And we must complement a culture of personal effort and responsibility with stronger collective responsibility, especially for our elderly”.