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Singapore Budget 2005
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Budget Speech 2005
   

Adopt a risk management approach to regulation

 

3.19 An important way in which Government can promote enterprise is by easing its regulatory restrictions. In the first cycle of rules review, which will be ending soon, we reviewed almost 9,600 rules, of which we deleted 1,200 and simplified another 2,300. So I think now it is time for us to start the cycle and begin again, because this is a task which we have to do repeatedly. Often the key is to take a perspective of managing risks instead of trying to eliminate them. Let me give an example. Previously, all employment pass holders had to undergo X-ray checks for tuberculosis every two years when they renewed their employment passes. MOH reviewed the number of cases of tuberculosis infection detected by these checks, and decided that we could stop screening at renewal without compromising public health. This has saved the public as well as the Government both cost and inconvenience.

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