Budget 2015 expected to be a “crowd-pleaser”, says OCBC

Education, healthcare, and retirement policies are in focus.

OCBC expects that the historic Budget 2015 will be a “crowd-pleaser”, with policy focus centered on education, healthcare and retirement adequacy.

Market expectations are running high, especially since 2015 marks both SG50 celebrations for the nation as well as heightened market speculation that it would be a pre-election Budget.

“Official rhetoric also suggested that the FY2015 Budget will address the needs of all Singaporeans. Since the introduction of “inclusive theme” a couple of Budgets ago, socio-economic policy focus has come to the fore, especially those tackling education, healthcare and retirement adequacy. Special transfers have also have become an increasingly important component in the Singapore Budget, with its share of GDP now exceeding 3% of GDP in FY2014,” stated OCBC.