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1. education, food and other basic necessities
2. less than $400?
3. unable to take care of your parents
4. more grants and vouchers

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What do you normally spend your money on?
ANS: Basic necessities, transport, taxes
How much are you able to save monthly?
ANS: Around $200-400
What are some struggles that you face in your daily life?
ANS: We have to cut down on so much stuff in order o have savings and pay taxes
Is there anything you feel the government can/should help you with?
ANS: Give more subsidies to us and spread awareness about low-income families and their situation

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LiViNg In ReNtAl HoUsInG
1. Normally spent on most basic necessities like water and food if we can afford, and rent
2. Less than $500
3. Being able to afford even the simple basic necessities sometimes; Being able to afford rent
4. Providing housing subsidies and vouchers for groceries

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Routines when giving your responses: ABC

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Routines when giving your responses: ABC

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1. Always type your name at the top of your post.
2. Be respectful and constructive.
3. Check your response before posting.

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1 representative per group to login to www.kahoot.it

Key in the game pin given by your teacher.

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Join a game of kahoot here. Kahoot! is a free game-based learning platform that makes it fun to learn – any subject, in any language, on any device, for all ages!

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Based on the group assigned to you, what are some current issues that Singaporeans face?

Consider the following questions in your discussion:

What do you normally spend most of your money on?

How much are you able to save monthly?

What are some struggles that you face in your daily life?

Is there anything you feel the government can / should help you with?

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Group Activity 3: Understanding the Budget Measures

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Group Activity 3: Understanding the Budget Measures

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After reading the section assigned to you, discuss the following questions:

a) What are the Budget measures about?
b) How do these measures impact your particular beneficiary group?
c) What values do we demonstrate as a society through these budget measures?

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Singapore Budget 2023: What you need to know

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Reading article to understand budget measures for 1) businesses & workers and 2) families

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Reading article to understand budget measures for 1) businesses & workers and 2) families

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SINGAPORE - On the heels of Singapore relaxing the final few Covid-19 controls at the start of the week, Deputy Prime Minister and Finance Minister Lawrence Wong announced on Tuesday (Feb 14) that the Government will spend about S$104.2 billion to reposition Singapore for a "new era" of global development.

The budget will be used to grow the economy, equip workers and build up the country's collective resilience, while taking immediate action to help families and vulnerable Singaporeans cope with higher inflation.

In his two-hour speech, Mr Wong said that the Government expects a budget deficit of about S$0.4 billion this year - or about 0.1 per cent of the country's gross domestic product.

There will be no need for any draw on past reserves in this year's budget, he added.

The following are some of the key announcements from Budget 2023.

HELP WITH INFLATION, HIGHER GST

1. ENHANCED ASSURANCE PACKAGE: All Singaporeans aged 21 and above will receive cash payouts distributed every December between 2022 and 2026 The total amount they will receive during this period ranges from S$700 to S$2,250, depending on their income and property ownership. About 2.9 million adult Singaporeans will benefit from this.

This is part of a S$3 billion enhancement to the Assurance Package, of which S$1.4 billion was announced last November. The package was introduced in 2020 to cushion the impact of the GST increase.

2. ONE-OFF SUPPORT MEASURES: Eligible Singaporeans aged 21 and above will receive between S$200 and S$400 in June. An extra one-off cash payment of between S$200 and S$300 will be given to eligible seniors aged 55 and above from June this year. The Central Provident Fund (CPF) MediSave accounts of eligible Singaporeans aged 20 and below, or 55 and above, will also be topped up with S$450 every February from 2023 to 2025.

3. VOUCHERS FOR HOUSEHOLDS: Another S$300 worth of Community Development Council Vouchers will be given to households in January next year. Those eligible for the GST Voucher - U-Save rebates for utility bills will get double the regular amount this year.

SUPPORT FOR FAMILIES

1. ENHANCED BABY BONUS CASH GIFT: To support young couples looking to start or expand their families, the cash payout from the Baby Bonus cash gift will go up by S$3,000 for all Singaporean children born from Feb 14, 2023. The payout will be staggered further: Parents will get up to S$9,000 in payouts during the first 1.5 years of their child's life; and S$400 every six months from when the child is two years old to 6.5 years old.

Parents of children born from Oct 1, 2022 to Feb 13, 2023 will receive the S$3,000 Baby Support Grant, which was first introduced during the Covid-19 pandemic, in the second half of this year.

2. MORE MONEY FOR CHILD DEVELOPMENT ACCOUNT: Each Singaporean aged six years and under will receive a one-off S$400 top-up to their Child Development Account - a co-savings scheme used to offset preschool and healthcare expenses of children - from September.

The Government will give added support by raising the initial amount deposited into this account from S$3,000 to S$5,000, and it will increase the limit by which they match the savings of parents' for their first and second child.

3. MORE PATERNITY LEAVE: Government-paid paternity leave will be doubled from two to four weeks for parents with children born from Jan 1, 2024. However, this extra two weeks will not be mandatory for employers to provide.

4. TAX RELIEF FOR WORKING MUMS: The tax relief for eligible working mothers will move from a percentage of the mother's earned income to a fixed dollar relief system, and will apply to women who have qualifying children born or adopted from 2024 onwards. Changes to the Working Mother's Child Relief will mean that eligible working mothers will be able to claim S$8,000 in annual relief for their first child, S$10,000 for their second child, and S$12,000 each for their third and subsequent children.

5. HIGHER CHANCES TO GET BUILD-TO-ORDER FLATS: The Ministry of National Development and the Housing and Development Board said that they will introduce a new sub-category of first-time applicants for public housing that comprise families with children, and young married couples aged 40 and below. More details will be announced during the debate on the Budget in Parliament.

6. ENHANCED GRANTS FOR RESALE FLATS: To help first-timer families buy a resale flat, the CPF Housing Grant will be increased, with those getting smaller flats to receive a higher amount. Together with the Proximity Housing Grant, eligible families may receive up to S$190,000 worth of grants when getting a resale flat on or after April 1 this year. Eligible singles will also be given more support based on the size of the resale flat.

SUPPORT FOR WORKERS

1. CPF FOR PLATFORM WORKERS: Platform workers who are aged under 30, such as those working for food delivery and ride-hailing firms, will need to make compulsory CPF contributions along with their employers. Those earning under S$2,500 a month will get transitional support in the first four years, with more details to be announced during the upcoming Committee of Supply debate for the Ministry of Manpower.

2. CPF CHANGES FOR OLDER WORKERS: Adjustments will be made to the CPF savings of older workers, with the next increase in CPF contribution rates coming in 2024. Employers are expected to get some form of help to alleviate the increase in business costs.

Seniors on the Retirement Sum Scheme will see their minimum CPF monthly payout increase to S$350 a month. Aside from older workers, middle-income Singaporeans will have their CPF monthly salary ceiling raised progressively from S$6,000 to S$8,000 in 2026.

3. JOBS-SKILLS INTEGRATORS: To better match the training skills that workers get to the skills needed by employers, "jobs-skills integrators" will be intermediaries connecting industry players with training institutes. For a start, these "middlemen" will begin to train workers in the precision engineering, retail and wholesale trade industries. More details will be released during the Ministry of Education's debate on its budget.

4. MORE SUPPORT FOR VULNERABLE WORKERS: There will be new measures and enhancements to existing initiatives for senior workers, lower-wage workers, ex-offenders and workers with disabilities. For example, the Progressive Wage Model will be expanded to more sectors, and a time-limited wage offset will be introduced to encourage firms to hire ex-offenders.

ATTRACTING INVESTMENTS

1. EXPAND SCHEMES: A total of S$4 billion will be set aside for the National Productivity Fund - which was established in 2010 to support a wide range of measures for businesses to improve productivity and continue training workers - to attract anchor quality investments in Singapore. Other expanded schemes will include the SME Co-Investment Fund to invest in small- and medium- enterprises, and the Singapore Global Enterprises initiative.

2. FINANCIAL BACKING: Businesses will be able to qualify for greater tax deductions of 400 per cent for spending on activities related to innovation, including research and development, and SkillsFuture-approved training courses. This is part of a new Enterprise Innovation Scheme, which will also allow firms to convert 20 per cent of their total qualifying expenditure into a cash payout of up to S$20,000.

TAX CHANGES

1. RAISED BUYER'S STAMP DUTY RATE: The tax rates paid by those who buy a residential and non-residential property in Singapore will be raised. These apply to portions of property value above S$1.5 million for residential units and S$1 million for non-residential properties. This will generate another S$500 million in revenue a year.

2. ADJUSTED ADDITIONAL REGISTRATION FEE FOR CARS: This fee will be adjusted to better differentiate higher-end cars, with luxury cars being taxed at a higher rate. The Preferential ARF rebate will also be capped at $60,000 to avoid providing excessive rebates to more expensive cars when they are de-registered.

3. TOBACCO PRODUCTS: Excise duty on all tobacco products will go up by 15 per cent to discourage the consumption of such products.

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Budget 2023 cheat sheet: What you need to know

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SINGAPORE - On the heels of Singapore relaxing the final few Covid-19 controls at the start of the week, Deputy Prime Minister and Finance Minister Lawrence Wong announced on Tuesday (Feb 14) that the Government will spend about S$104.2 billion to reposition Singapore for a "new era" of global development.

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Reading article to understand the budget measures for seniors 

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Reading article to understand the budget measures for seniors 

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Reading article to understand budget measures for lower income Singaporeans

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Reading article to understand budget measures for lower income Singaporeans

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1. Daily essentials.
2. At least 1200 of my salary.
3. Work-life balance
4. More paid off days

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1. we spend money on supplies, investments and consultants
2. 20% of our earnings
3. not being able to secure a deal, thus not having enough money to provide for themselves
4. establish control over the prices of different items in sg

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1. groceries (esp wet market), food, totto, 4D, newspaper, medial support, medication, wheelchair
2. < $200
3. travelling, moving around, general mobility, buying basic necessities, carrying out daily tasks
4. medical subsidies, infrastructure to help me move around easily

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1. the children
2. 1/3 of my salary
3.my kids are very annoying and needy
4.more money

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active elderly
- food, healthcare, entertainment
- $500
- discrimination (rude, disrespectful youngsters)
- money $$$

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Young families with no children
- Cannot afford a BTO flat
- Not enough income to raise up a family and support future children
- Normally spend our money on basic needs?
- Government should help by increasing. our. income.

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we are businesses and workers. we typically spend money on our family from the income we make or on meals. #iwanttoretirerightnowicannotdothisanymore
i am able to save around 20% of my income monthly
the struggles is that my boss makes me OT until i cry every morning and there are alot of projects and meetings to go for. #iwanttoretire
the government should give me money and not make me work until 70. i want a 4 day work week im sick of this #iwanttoretire

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a) The budget will be used to grow the economy, equip workers and build up the country’s collective resilience, while taking immediate action to help families and vulnerable Singaporeans cope with higher inflation.
b) 1. CPF FOR PLATFORM WORKERS: Platform workers who are aged under 30, such as those working for food delivery and ride-hailing firms, will need to make compulsory CPF contributions along with their employers. Those earning under S$2,500 a month will get transitional support in the first four years, with more details to be announced during the upcoming Committee of Supply debate for the Ministry of Manpower.

2. CPF CHANGES FOR OLDER WORKERS: Adjustments will be made to the CPF savings of older workers, with the next increase in CPF contribution rates coming in 2024. Employers are expected to get some form of help to alleviate the increase in business costs.

Seniors on the Retirement Sum Scheme will see their minimum CPF monthly payout increase to S$350 a month. Aside from older workers, middle-income Singaporeans will have their CPF monthly salary ceiling raised progressively from S$6,000 to S$8,000 in 2026.

3. JOBS-SKILLS INTEGRATORS: To better match the training skills that workers get to the skills needed by employers, “jobs-skills integrators” will be intermediaries connecting industry players with training institutes. For a start, these “middlemen” will begin to train workers in the precision engineering, retail and wholesale trade industries. More details will be released during the Ministry of Education’s debate on its budget.

4. MORE SUPPORT FOR VULNERABLE WORKERS: There will be new measures and enhancements to existing initiatives for senior workers, lower-wage workers, ex-offenders and workers with disabilities. For example, the Progressive Wage Model will be expanded to more sectors, and a time-limited wage offset will be introduced to encourage firms to hire ex-offenders.
c) Thankfulness

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b) more hospital subsidies -> more support -> do not have to spend much of their own money
c) caring, considerate, patient, understanding

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a) increase cpf money for newer generations for when they retire

b) more money would be saved in cpf from $6000 to $8000 in 2026 of the monthly salary

c) understanding, gratefulness

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1. the budget measures are to help us with inflation and gst, as well as helping us to support our families.
the values are togetherness bc we help each other out. we are a caring society #ilovesg

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1. it is about giving more money to singaporeans and how the government will spend our taxes
2. it helps poor people and takes some rich peoples money away
3. our values are good

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a)The budget measures are the ComCare Endowment Fund got a large $300 million top up and the money earned from the investments will go to support lower-income families.
b) There will be more childcare and kindergarten spots for children in lower-income families in the nest 2 years
c) Grateful

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- SG Budget 2023 focuses mainly on the revival of our economy now that everything is starting to return to normal as compared to the COVID-19 period. Singaporeans can look forward to more financial support given to them to ease their inflation and employment burdens. More is also being done to strengthen our economy for the future.
- To weather the increasing GST rates and higher inflation, Singaporeans will receive more financial support by improving pre-existing schemes, cushioning the impact of this significant change on our lives.
- The government has also provided additional support in terms of purchasing and owning our first house, so that it will be less harsh, financially, on Singaporeans who are planning on buying a house but may not be able to afford or sustain it.
- Singaporeans love more money. As part of our culture is to maximise efficiency, the measures and new implementations will help to deal with rising inflation and increased taxes and expenditure.