The 2024 Budget was introduced as the first instalment of the Forward Singapore programmes, which, in the words of Deputy Prime Minister and Finance Minister Lawrence Wong, aims to “turn every challenge into opportunity, and every vulnerability into strength”.
Singapore’s ageing population is one of the nation’s key challenges that can lead to many vulnerabilities without strategic interventions.
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Christopher Gee is deputy director and senior research fellow at the Institute of Policy Studies, National University of Singapore. Yap Jia Hui is research assistant at the same institute.
Top photo from Freepik.