Singapore's Rajah on Raising Taxes, Economic Concerns

The video discusses Singapore's economic challenges, focusing on maintaining competitiveness while ensuring sustainability and adequate revenue. It highlights efforts in economic transformation, including skills development and industry transformation maps, leading to increased growth, productivity, and wages. The government has introduced social support measures and is planning for future infrastructure and aging population needs. Key concerns for Singapore households include cost of living and housing, with government schemes in place to assist with these issues.

What are the key areas Singapore focuses on to maintain its competitiveness?

• Healthcare, education, and sports

• Economic growth, revenue generation, and sustainability

• Tourism, agriculture, and technology

• Military, space exploration, and arts

What positive outcomes have resulted from Singapore's economic transformation efforts?

• Decreased productivity and wages

• Increased growth, productivity, and wages

• Higher unemployment rates

• Reduced foreign investments

What future challenges does Singapore anticipate in terms of financial planning?

• Decline in tourism

• Lack of natural resources

• Infrastructure spending and aging population

• Decreasing population

What is a major financial concern for Singaporean households?

• Quality of education

• Access to luxury goods

• Cost of living and housing

• Availability of public transport

Which government scheme helps young families purchase homes in Singapore?

• Housing grants

• Healthcare subsidy

• Education allowance

• Transport voucher