The Budget 2017 Feedback Exercise has closed. Find out how the Government reached
out to Singaporeans through various different ways from physical listening points
to online channels to collate information and understand the issues of concern to
Singaporeans. The collated views are being considered as the Government finalises
the plans for this year’s Budget.
Over the past five weeks, we’ve heard a wide range of views from Singaporeans
on what they hope to see in Budget 2017. They discussed various issues, such as
how best to boost the economy, advance Singapore on the global stage, develop our
skills, and care for Singaporeans through all stages of life.
In preparation for Budget 2017, the Ministry of Finance has launched a public feedback
exercise. Share your views and suggestions on the Singapore Budget and REACH websites.
How does the Government plan its revenue and spending each year? How are finite
resources to be allocated? Watch this video to find out how Singapore’s budget
is determined every year and share it with your family and friends too!
For Budget 2017, we take decisive action to re-position ourselves for the future
by developing strong capabilities in our firms and workers, and forging deep partnerships
in our economy. The Budget also strengthens community bonds and partnerships between
the Government, community organisations, and individuals, to build a better society
This year’s Budget continues with our nation’s efforts to build a strong
and united society for a better future in the midst of deep shifts around the world.
Through effective allocation of resources, we will achieve economic and societal
progress and ensure sustainability for the future generations to thrive.
What does it take for us to build our future economy?
What does it take to build a vibrant and well-connected city that is sustainable
for all Singaporeans in the future?
Budget 2017 continues to help families, support needy Singaporeans and strengthen
community partnerships as we build an inclusive and caring society.
Budget 2017 is an investment in economic transformation and social resilience. We
will continue funding essential areas e.g. healthcare and infrastructure, to lay
the foundation for the future.
Looking ahead into our collective future, we, as a nation, will chart our path forward
together. Let us build strong partnerships in our economy and society, and tap on
one another’s strengths for our nation’s progress.
Businesses will continue to benefit from near-term support measures aimed at helping
them deal with their current economic concerns.
This Budget focuses on strengthening capabilities of enterprises through the adoption
of digital solutions, use of innovation and technology, as well as support for SMEs
to scale up globally.
As our economy evolves, it is key for our workers to continue acquiring, deepening
and applying their skills. Budget 2017 will strengthen support for working Singaporeans
and make training more accessible.
Diesel taxes will be restructured to incentivise users to reduce consumption and
adopt more energy efficient vehicles.
To encourage water conservation and strengthen the resilience of water supply, water
prices will be updated to reflect the latest cost of water production and transmission.
Household support measures will be provided to offset some of these price changes.
Households will benefit from support measures targeted to assist them in coping
with their living expenses.
For an all-inclusive society, Budget 2017 continues to integrate persons with disabilities
and mental health conditions at both the workplace and in the wider society.
This Budget aims to strengthen community bonds, to address the increasing importance
of human connection as a result of our growing needs.
In this Budget, we set our minds to seize opportunities to succeed, to play a part
in a caring and inclusive community, and to build, protect, and pass on a truly
special home to future generations. I am confident we can do it. We have been through
tougher situations. Each time, despite the naysayers, we emerged stronger and more
adaptive, as we held strong together as one people.
Budget 2017 continues to help businesses build up their competitive strengths with targeted support to meet the different challenges faced by firms in the current climate.
Budget 2017 encourages the formation of effective partnerships and the spirit of enterprise among our people and businesses, for us to take our own future into our hands.
Budget 2017 seeks to secure a better living environment for Singaporeans from all backgrounds to enjoy a lush city scape to work, live and play in.
A strong society with close collaboration among individuals, communities and government is key to a vibrant, caring and resilient society.
Budget 2017 plans for long term financial sustainability to ensure that we continue to have the capacity to invest in critical programmes and infrastructure, in a way that is equitable to both current and future generations.
Budget 2017 sets out strategies for building a better Singapore in a sustainable way through the development of deep capabilities, strengthening of enterprising spirit, working together in partnership while caring for and supporting one another.
Budget 2017 will continue to provide support for businesses and workers to build
capabilities and forge partnerships.
Budget 2017 will provide more support for Singapore families.
Budget 2017 takes further steps in supporting those with greater needs.
Budget 2017 will build a globally competitive economy and a caring and inclusive
society. It also aims to better protect our environment to ensure our loved ones
and future generations will have a good quality of life.
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