How did Singapore’s new PM Lawrence Wong fare in his first National Day Rally speech?
- Experts note Wong’s efforts to appeal to younger voters as a ‘fellow Singaporean’, say policy changes are more incremental than radical
The personable style of new Singapore Prime Minister Lawrence Wong in his first National Day Rally speech was well received, but experts cautioned that the reset in social safety net policies he outlined could seem incremental rather than the radical change some had anticipated.
Wong’s policy reset included a long-awaited unemployment payment scheme, increasing state-sponsored parental leave by 10 weeks and a new training allowance for Singaporeans aged 40 and above who take time off from work to study.
“A large part of the changes is enhancement of what is already in place,” sociologist Tan Ern Ser told This Week in Asia. “However, the measure to support retrenched workers and facilitate their [return] employment is new, though it comes without compromising the fundamentals of workfare, as opposed to welfare.”
While these policies will come with a hefty price tag, Singapore is likely to be able to foot the bill with its sustainable budget model, analysts say.
