Foreword
How can Singapore adapt and thrive in a rapidly changing world?
Addressing this question was one of the main focuses of this
year's Budget Statement. While this theme has been the thread
running through the Budgets since 2010 when the Government started
the restructuring of the Singapore economy to achieve quality
growth on the basis of skills, innovation and productivity, this
year's Budget seeks to keep Singapore relevant and adaptable
amidst the swirling global changes.
Keeping Singapore relevant requires developing the capabilities
of both businesses and workers so that Singapore's economy is
able to weather unexpected disruptions and take advantage of the
opportunities in the new international economy. This necessitates a
mid to long term strategic view rather than measures to address
short term cyclical challenges faced by businesses.
