The Seniors: What can Budget 2023 do for them?

Population issues have been a concern for a long time. One of the earliest theories surrounding this was the Malthusian Growth Model of predicting an unsustainable increase in population back in the 1700s. Singapore’s population is moving towards one quarter of the population being made up of seniors. The current Old-Age Support ratio is 4:1. The support ratio is the ratio of people who can offer support against seniors who require others to support them.

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Budget 2017: A Plan for the Future Economy

In the midst of rapid technological change and global uncertainty, in particular, the rising anti-globalisation sentiments as demonstrated in the votes for Brexit and Donald Trump, Finance Minister Heng Swee Keat delivered the Singapore Budget Statement on 20 February 2017.

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