SINGAPORE — This year’s Jubilee Budget focuses on the future, building Singapore and helping Singaporeans prepare for changes to come, said Prime Minister Lee Hsien Loong today (Feb 23).

“We want Singaporeans to have greater assurance at each stage of life, more opportunities and a better home for all,” said Mr Lee in a Facebook post.

Mr Lee reassured Singaporeans that the Government will continue to invest in every citizen, empowering citizens to learn throughout their lives so that they can become experts in their chosen fields of work.

He reiterated that the Government will “invest heavily in infrastructure to create a highly liveable home with quality healthcare”. “We will provide additional support to Singaporean families for your costs of living and your retirement,” he added.

“Government spending will increase, so we are also making sure that we have enough revenues,” he said. “One thing we will do is to raise personal income taxes for the top 5 per cent of income earners.”

The Budget 2015 speech was delivered today by Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam.