Deputy Prime Minister of Singapore Teo Chee Hean has exhorted the younger generation to emulate the actions of pioneers who laid down a strong foundation of the country and saved resources for the next generation. He was speaking at a spring reception comprising of about 900 guests including Cabinet Ministers, Members of Parliament and diplomats.
“The actions of the seniors should be emulated so that future generations have the best opportunities to succeed,” he said.
The reception was organised by the Singapore Federation of Chinese Clan Associations and the Singapore Chinese Cultural Centre.
The Deputy Prime Minister observed that as healthcare expenditure was set to rise amid a greying population, the Government needs to ensure its finances remain sustainable. Today, there are about 500,000 seniors aged 65 and above. By 2030, this is expected to almost double to around 900,000.
Emphasising the need for helping the seniors in the health sector, Teo said, “Healthcare is one area where we will continue to support with more resources, and help our seniors lead active lifestyles. We need to ensure government finances remain sustainable and are able to provide for our future needs.”
“Our founding generation has laid down a strong foundation for us and saved resources for the current generation,” he added.
“Similarly, we too must prepare for our next generation, so that our children can have a stronger foundation and the best opportunities to succeed.”
While acknowledging role of the government in strengthening social support system and urging the citizens to look after each other, the Deputy Prime Minister said, “The Government will continue to strengthen its social support system, help couples start their own families and provide care to the seniors, Singaporeans also need to play their part to look after each other.”
Speaking on the issue of economy and jobs, Teo observed that the Government understands the challenges faced by businesses and Singaporeans as the economy is being transformed.
“We will continue to work closely with our businesses to be more productive and seek new opportunities and markets,” he said.
“We will also help our workers to raise their knowledge and skills needed for the jobs of the future,” he added.