G.1. Madam Speaker, let me conclude. Budget 2017 outlines how we can thrive in an uncertain and rapidly changing world. It is a call for us to pull together – the Government, firms, unions, community organisations and individuals, with everyone doing his part. Our bonds will help us develop greater resilience in the face of unexpected shifts and improve our ability to adapt.
G.2. On the economic front, Budget 2017 sets out some support measures to address near-term concerns, particularly for sectors currently facing cyclical headwinds. It also sets out how we will implement our medium-term economic strategies to create new opportunities and jobs. We will build capabilities in our firms and workers – so they can operate well internationally, use digital technology and innovate. We will strengthen partnerships across the economy, with Government playing an enabling role and drawing different stakeholders together to align efforts.
G.3. Budget 2017 also reaffirms our commitment to keep Singapore a vibrant city with a quality living environment. We will study a carbon tax, change the tax structure for diesel, and adjust vehicle incentive schemes. We will also increase the price of water to reflect the latest costs of water supply. At the same time, we will provide support to lower income households.
G.4. On the social front, Budget 2017 supports families who wish to buy a home, enjoy the joys of parenthood and help their children through post-secondary education. It also takes further steps towards building an inclusive society, for Persons with Disabilities and those with mental health conditions. Just as importantly, this Budget will strengthen community bonds and partnerships among Government, community organisations and individuals, to build a better society together.
G.5. I want to take a moment to applaud the good work done by the thousands of volunteers, working in partnership with Government agencies. Government schemes and funding can play a supporting role, but it is ultimately human relationships and community bonds that build a society. Only through concerted partnership between Government and people can we realise our vision of a caring and inclusive society.
G.6. We will do all this while maintaining fiscal discipline. This will lay a sustainable foundation for future generations to thrive.
G.7. Our future is full of promise. Singaporeans are chasing their dreams in various fields and are excelling on the international stage.
- Mathew Tham topped the Young Chef Olympiad.
- Ding Eu-Wen won an international design award for his smart bicycle helmet.
- Nathan Hartono did us proud at the Sing! China competition.
- Nur Syahidah Alim won double gold medals in archery at the ASEAN Para Games.
- Yip Pin Xiu won multiple medals at the Paralympics, and
- Joseph Schooling, was our first Olympic gold medallist.
This strong, can-do spirit will serve us well in the years ahead.
G.8. Let us go forward together.
G.9. Madam Speaker, I beg to move.
Last updated on 20 Feb 2017