What the budget speech has to do with the Population White Paper

How important is it?

According to DBS, the upcoming budget is expected to complement the recently announced Population White Paper. The Paper charts out the roadmap for Singapore’s demographic, social and economic policy directions over the next two decades.

GDP growth rate till 2020 is expected to average 3%-5% but will likely slow to about 2%-3% in the subsequent decade. Singapore’s population will likely reach
6.5 to 6.9 million by 2030.

Here's more from DBS:

More importantly, the Paper spells out the demographic challenges facing the economy, the need to ensure a dynamic economy and to create ample opportunities for Singaporeans, as well as the steps to be taken to cater for a larger population.

To sustain longer-term growth given an aging population and the moderation in labour growth, productivity improvement and fostering inclusive growth will continue to take centre-stage in this budget.

In addition, concrete medium-term measures to improve public infrastructure will also be introduced to support the recently announced Land Use Plan. These will help ease some of the current bottlenecks as well as prepare for a larger population.



More From Singapore Business Review
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2494-0.0015-0.12%
    USDSGD=X
    1.7292+0.001+0.06%
    EURSGD=X
    2.1027+0.0014+0.07%
    GBPSGD=X
    81.6864-0.05-0.06%
    SGDJPY=X
    6.2064+0.0076+0.12%
    SGDHKD=X
    2.5904-0.0013-0.05%
    SGDMYR=X
    9,153.8115+10.7939+0.12%
    SGDIDR=X
    4.9791+0.0061+0.12%
    SGDCNY=X
    1.1717-0.0002-0.02%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,302.00-1.50-0.12%
    GCM14.CMX
    19.58-0.05-0.28%
    SIK14.CMX
    90.83-1.04-1.14%
    ^XAU
    3.04+0.01+0.31%
    HGK14.CMX
    104.07+0.31+0.30%
    CLK14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.65+0.04
    ^FVX
    2.64+0.01
    ^TNX
    3.45-0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.116-0.001-0.85%
    B22.SI
    2.27+0.090+4.13%
    5ME.SI
    0.48+0.020+4.35%
    5GJ.SI
    2.20+0.010+0.46%
    JS8.SI
    0.1120.0000.00%
    A78.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.17+0.010+6.25%
    T16.SI
    0.138+0.006+4.55%
    5BM.SI
    0.235+0.010+4.44%
    5G9.SI
    0.235+0.010+4.44%
    5G1.SI
    2.27+0.090+4.13%
    5ME.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.255-0.015-5.56%
    5AM.SI
    0.58-0.030-4.92%
    544.SI
    0.275-0.005-1.79%
    M1Z.SI
    0.295-0.005-1.67%
    GG7.SI
    0.295-0.005-1.67%
    H64.SI