In the lead up to Budget 2015, which is happening on 23 February, we’ve prepared a series of articles to whet your appetite. This week, Budget trivia!
Budget 2015 is almost upon us in a few weeks and in anticipation of the announcement, we’ve cracked open the history books to take a look at the Budgets of yore. It’s quite amazing to see how far we’ve come since the first every Budget was announced in 1966 by then Minister of Finance Lim Kan San.
Back then, the aim of the tabled Budget was to rapidly develop Singapore’s capabilities. Lim was tasked to develop export-oriented, labour-intensive industries so that jobs would be created for Singaporeans. It was also important to build a national and cultural identity and what better way than through sports – the idea for the construction of the National Sports Stadium was first mooted in 1966.
As Singapore progressed through the years, the strategy of the Budget evolved from one of survival in a harsh world to currently sharpening the country’s competitiveness while maintaining an inclusive society.
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Budget 2015, which will be announced on 23 February, will be along the same vein. This year’s announcement takes on even more significance because it is Singapore’s Jubilee Year. Our country will be celebrating its 50th birthday.
Our team is eagerly anticipating Budget 2015 and are all set to analyse and break down the financial announcements once they come out. In the meantime, we’ve prepared a series of articles and infographics that will explore the Budgets of yesteryear. Today, we dish out some interesting Budget trivia that we’ve found when we looked through the history books.