Budget 2014 will be announced against a backdrop of economic volatility. Businesses say they are feeling the ‘pain’ of economic restructuring and are grappling with labour shortages and higher costs, while households remain concerned about the cost of living. The Government has said that it will continue with efforts to restructure the economy, while providing help to companies to increase their productivity. Initiatives to support Singaporean families, especially the needy and aged, will be enhanced and Singapore’s pioneer generation will be rewarded for their contributions to nation-building. What other key considerations have gone into the shaping of Budget 2014? And how will the initiatives within Budget 2014 collectively allow the Government to achieve its priorities for Singapore? How is the business community viewing, and reacting to, the Budget announcement?