Home News Featured News DPM Heng to deliver Budget 2020 on Feb 18

DPM Heng to deliver Budget 2020 on Feb 18

Singaporeans invited to contribute to the Budget feedback exercise, which is ongoing until Jan 10

Author

Date

Category

- Advertisement -

The Ministry of Finance confirmed today (Jan 1) that Budget 2020 will be delivered in exactly 48 days’ time, on Feb 18.

Finance Minister and Deputy Prime Minister Heng Swee Keat said on Facebook this evening: “I will be delivering the FY2020 Budget Statement in Parliament on Tuesday, 18 February 2020. The Budget is a strategic financial plan to address near-term and long-term issues, not just for the next year but for the years to come.

“Each Budget builds on past Budgets, and lays the groundwork for future Budgets. It also reflects our responsibilities as a nation, our hopes as a society and our priorities for our people.

“As we come close to the end of a decade, Budget 2020 provides us with the opportunity to look back at Singapore’s progress, draw on key lessons and plan our future to take Singapore forward together.”

- Advertisement -

Echoing Prime Minister Lee Hsien Loong’s concerns over the slowing global economy, the DPM added: “Through the years, we have invested in education, healthcare, security, and infrastructure. The global economy has slowed significantly.

“As the rapid advancements in technology continue to drive changes across all sectors of our economy and across the world, we must continue to transform and innovate our economy. We must stay relevant and useful, develop deep capabilities, stay open and connected to the rest of the world.”

Mr Lee had told the press earlier that Budget 2020 will be strong and suitable to the needs of the Singapore economy, given the state of the world economy.

Highlighting uncertainties around Brexit, the US-China trade tensions and the spat between Japan and South Korea, Mr Lee said it is not surprising that Singapore’s economy has slowed down given the slow growth globally, and that Singapore is preparing for uncertainties based on the state of the world today.

He said: “Finance Minister Heng Swee Keat and all the other agencies are working towards preparing a Budget which will be strong, and suitable to the state of the world, and what the Singapore economy needs.”

In his Facebook post, Mr Heng — who is expected to become Singapore’s fourth Prime Minister sometime after the next election — invited Singaporeans to contribute to the Budget 2020 public feedback exercise, which is ongoing until 10 Jan.

He said: “Do continue to send in your views and suggestions for #SGBudget 2020 through REACHSingapore. This is the essence of the #SingaporeTogether movement, where we all have a part to play in shaping our common future.”

Those who wish to provide views and suggestions on Budget 2020 may do so by using the Singapore Budget 2020 website, the REACH Budget microsite, the REACH feedback form or by contacting REACH on any of their social media channels.

48 days to #SGBudget2020 I will be delivering the FY2020 Budget Statement in Parliament on Tuesday, 18 February 2020….

Posted by Heng Swee Keat on Wednesday, 1 January 2020

DPM Heng personally invites Singaporeans to contribute to Budget 2020 public feedback exercise

Indranee Rajah defends impending GST hike in Govt’s first official speech on Budget 2020

MOF confirms Budget 2020 is scheduled for February, fuelling speculation on the timing of the next GE

Send in your scoop to news@theindependent.sg 

- Advertisement -

Journalist asks Lim Tean if he’ll denounce the racism on Abolish CECA Petition FB page

Singapore—Journalist Kirsten Han asked lawyer and opposition leader Lim Tean on Thursday (Feb 18) on social media whether he will denounce the “blatant racism” on the Abolish CECA Petition Facebook page. Mr Lim, the People's Voice party founder and leader, is named...

Woman prevents passerby from calling ambulance after her husband hits motorcyclist and pillion rider

A video of a woman trying to stop a passer-by from calling an ambulance, after her husband was the one who hit a motorcyclist and his pillion, went viral. The video was circulated online on Wednesday (Feb 17) and published on Facebook...

Woman alleges MP asked her to move out when she complained her neighbour was harassing her

A woman took to social media alleging that the Member of Parliament (MP) of her area asked her to move out of her house after she complained about a neighbour harassing her. Aisha Malik Farhaan wrote on the popular Facebook page Complaint...

Send in your scoop to news@theindependent.sg 

Theindependent