Budget 2015: SkillsFuture

SINGAPORE — The SkillsFuture Council is a tripartite council chaired by Deputy Prime Minister Tharman Shanmugaratnam. It aims to develop an integrated system of education, training and career progression for all Singaporeans, promote industry support for individuals to advance based on skills, and to foster a culture of lifelong learning.

With key recommendations from the Applied Study in Polytechnics and ITE Review (ASPIRE) Committee and the Continuing Education and Training Masterplan (CET) 2020, the council will develop and drive initiatives to ensure an integrated system of learning, pre- and post-employment, for all Singaporeans.

Finance Minister and Deputy Prime Minister Tharman Shanmugaratnam today (Feb 23) said during his Budget Statement that “SkillsFuture” marks a major new phase of investment in Singaporeans, throughout their lives. The Government will support continuous engagements in learning and provide enhanced subsidies for courses, as well as special support through SkillsFuture Study Awards, and SkillsFuture Fellowships for those pursuing mastery in their fields. There will also be a lifelong SkillsFuture Credit which every Singaporean will receive to help pay for courses of their choice.