Government will fund, sustain social policies: DPM Tharman
5 priorities to be kept in mind so that policies are good for generations ahead
Deputy Prime Minister Tharman Shanmugaratnam has set out just how the Government plans to pay for and sustain a broader, stronger social safety net, and its reasons for moving in this direction.
"As we intervene boldly, we will ensure that our policies can be funded and sustained well into our children's future," he said.
He was speaking at an Academy of Medicine event just five days after a National Day Rally that Prime Minister Lee Hsien Loong said marked a strategic shift towards greater state support for the vulnerable in areas such as housing and health care.
DPM Tharman, who is also the Finance Minister, said Singapore is at a good starting point as compared to mature economies in the West. They built up large debts in their rapid growth years and when their populations were young, while Singapore did the opposite.