Budget 2018 and the evolving social compact

An article by SMU Associate Professor of Law Eugene Tan suggested that significant changes will be made to the overall tax policy in the upcoming Budget 2018. The Budget is likely to invest in long-term priorities, support the home front through greater social and healthcare spending, while emphasising prudence. Sustained investments in human capital, knowledge and innovation to sharpen our individual and collective capabilities, enable businesses to move up the value chain and maintain economic vitality and relevance can also be expected. He added that it would be necessary to engage the public on policy issues and allow time for them to digest the changes. This would affect the amount of buy-in by the citizens.