The budget for the economic development sector, at
$4.2 billion, takes up the third largest share (15%)
of total government expenditure. The key expenditure
items for this sector are:
Continuing Education & Skills Upgrading
$30
million to fund the continuous upgrade of skills
and knowledge of the workforce under the Manpower
Development Assistance Scheme (MDAS) and other
initiatives
$500
million contribution to the Lifelong Learning
Endowment Fund
Research & Development
$625
million to fund research and development activities
Industry & Trade Promotion and Development
$240
million to promote industries in Singapore and
upgrade industrial capabilities under the Economic
Development Assistance Scheme (EDAS)
$10 million
to implement Trade Development Incentive Scheme
$170
million to help local Small and Medium Enterprises
under the Enterprise Development Fund
Infrastructure Development
$1.8
billion to develop and manage the land transport
system
$67
million to promote and develop the Information
and Communications Technology sector
