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The Singapore way behind the Budget
Several key principles underpin how the Government spends and raises revenue for the future
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Despite Singapore spending less than half what Nordic countries do on education, as a percentage of GDP, and slightly over half the average share countries in the Organisation for Economic Cooperation and Development spend, in a test of 15-year-old students' performance in science, Singapore consistently performs better.
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Give a man a fish and you feed him for a day; teach him how to fish and you feed him for a lifetime.
This commonly cited proverb may sound trite, but it is mirrored in Singapore's approach to spending on its people where education, healthcare and other social spending are concerned.
