Heng Swee Keat delivered the #SGBudget2019 today. It is a strategic plan to build a strong and united Singapore. We are investing to keep Singapore safe and secure. We are restructuring to grow a vibrant and innovative economy. We are nurturing a more caring and inclusive society, and building a global city and a home for all.
One major item in the Budget is the Merdeka Generation Package (MGP). Our Merdeka Generation (MG) seniors have played a critical role in our nation’s development. They built our public services, modernised our economy, and were among the first batches to serve NS. The MGP benefits will help MG seniors, aged between 60-69 years today, lead full and fulfilling lives as they age.
The MGP consists of five key items: (1) a $100 top-up to PAssion Silver cards, (2) a yearly MediSave top-up of $200 till 2023, (3) additional subsidies for outpatient care for life, (4) MediShield Life premium subsidies for life, and (5) an additional participation incentive of $1,500 for MG seniors who join CareShield Life. The MGP will benefit close to half a million Singaporeans in that age group.
The Bicentennial Bonus will benefit nearly all Singaporeans. You can find out more information on the budget speech and announcements here: https://www.singaporebudget.gov.sg/budget_2019
Ministries will give details on the various initiatives and measures for businesses, individuals, and households during the upcoming Budget and Committee of Supply debates in Parliament. I hope you will follow the debates, to understand the Government’s plans to build a better home and future for Singaporeans. – LHL
