The Singapore Budget is a strategic financial plan meant to address the challenges facing Singapore and to build our future together. Every year, the Ministry of Finance invites feedback, views and suggestions from the public across a 6-week period. These dialogues shape the eventual line up of the Budget.
“Our Two Cents” is a pre-budget 2021 conversation where we gather youths like yourself to participate in thoughtful discussions on national issues with fellow youths.
What Went Down at Our Two Cents – Pre-Budget 2021 Youth Conversations
On 13 January 2021, around 170 youths participated in a discussion on the issues they hoped the Government would focus the upcoming national Budget on. Participants used quadratic voting to choose their priority areas, then rationalised their choices to justify trade-offs across these 5 main themes:
The engagement took place over Zoom, and was attended by Minister, Prime Minister’s Office, Second Minister for Finance and Second Minister for National Development Ms Indranee Rajah, and Minister of State, Ministry of Culture, Community and Youth, and Ministry of Trade and Industry Mr Alvin Tan.
Minister of State, Ministry of Culture, Community and Youth and the Ministry of Trade Alvin Tan’s Opening Remarks
Minister, Prime Minister’s Office and Second Minister for Finance and National Development Indranee Rajah’s Closing Remarks
Main takeaways from the breakout sessions:
1) Adapting Our Way of Life To Be a Safe and Smart Nation
Ensuring a Safe Reopening – Participants said that Singapore needs to focus on how to re-open the country safely as soon as possible. They felt that re-opening of borders was important for Singapore’s economic competitiveness. However, they were also concerned that with the reopening of borders, Singapore might experience a third or fourth wave of COVID-19 infections.
Striving Towards a Smart Nation – Participants acknowledged that COVID-19 has accelerated digitalisation in businesses and in the general population. However, they were concerned that increased digitalisation would leave certain demographics – including the elderly and low income families – behind. However, they understood that in moving towards a Smart Nation, digitalisation was even more important in a post-pandemic world. For example, TraceTogether can be a vital tool to ensure a safe re-opening.
2) Emerging Stronger as an Economy
Building New Strategies for the Future Economy – Participants said that it was important for Singapore to build a resilient economy that stood up to unforeseen challenges such as COVID-19. Participants said that they were aware of plans by the Government to help various economic sectors, and were interested to understand more about long-term solutions to support hard-hit sectors like tourism and travel.
Stabilising Businesses – Participants expressed concern about COVID-19’s impact on Small-Medium Enterprises (SMEs) and the livelihoods of employees that work in these companies. Youths and asked the Government to help these businesses, which will in turn help drive Singapore’s economic growth.
3) Emerging Stronger as a Workforce
Boosting Employment Through Jobs Creation – Participants recognised that efforts had been put in to create job opportunities for jobseekers so as to boost employment, and hoped that these opportunities would be better utilised.
Enhancing Workers’ Employability – Participants called for increased support for workers in vulnerable groups, who risked being left behind in the digitalisation push brought about by COVID-19. Participants called for increased support for these vulnerable groups through initiatives such as upskilling opportunities, so as to build a more resilient workforce.
4) Emerging Stronger as a Society and Community
Supporting our Vulnerable Groups – Beyond helping vulnerable groups find employment, many participants felt that vulnerable groups should also be helped in areas such as mental health and support in schools.
Fostering Social Inclusion – Participants noted the importance of social inclusion in fostering a cohesive society, and believed strongly that a united Singapore would be able to thrive and overcome challenges in the face of adversity.
5) Building a Green and Sustainable Future
Preparing for Climate Change – Participants called for more systemic and top-down policies to tackle climate change, and expressed interest to understand the Government’s plans for mitigating negative effects of climate change. Notwithstanding, participants acknowledged that trade offs were inevitable, and said that while tackling climate change was important, resources should be prioritised to help Singapore’s economy recover from the effects of COVID-19
Encouraging Sustainability in Our Community – Although participants called for more top-down efforts by the Government to combat climate change, participants felt that sustainability could be practised at an individual-level. They discussed that while more efforts had been put in place to encourage sustainability in Singapore in recent years, there was still a gap in Singaporeans adopting sustainable habits. Participants called for individuals to practise more sustainable habits, especially in light of the increased use of disposables due to COVID-19.
One of the highlight of this pre-Budget sessions was that the 170 participants got to take part in a Quadratic Voting exercise individually as well as in a group. Through this exercise, they discussed various policy trade offs and tried their best to allocate “limited resources” across issues that matter to them.
Across the 10 breakout groups, “supporting vulnerable groups”, and “ensuring a safe reopening for Singapore” were the top priority areas chosen by youths in the voting exercise. The participants then reconvened in a large group to discuss the rationale for their choices and justify the tradeoffs they’ve made.
Interested to understand more about Quadratic Voting, click to watch our explainer video.
These were the policy cards that participants could reference during the dialogue. It is a recap on some of the policies on our five main themes.
Our Two Cents Policy Cards on Scribd
The Budget 2021 announced on 16th February by Deputy Prime Minister and Finance Minister Heng Swee Keat saw continued support for sectors as well as individuals hit by COVID-19, while also keeping focus on Singapore’s long term goals.
Please refer below for the summary infographics on these topics:
– COVID-19 Resilience Package
– Singapore Green Plan 2030
– Strengthening our Social Compact
– Emerging Stronger with Skilled Workers and Innovative Businesses
What are some of the areas you would like to see Budget 2021 focus on?
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