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Singapore Budget 2006
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Budget Debate Roundup Speech
   

Long Term Measures to Help Workers

 

104. Dr Amy Khor asked whether we can find sufficient jobs for all those willing and able to work. There are many jobs. Last year alone, we created 111,000 jobs. Job vacancies in the private sector, just in establishments with at least 25 employees, rose to a four-and-a-half year high of 20,000 in September 2005. But, many of the jobs created are at the higher end. Nearly half the job vacancies require at least an upper-secondary qualification, which is not surprising because this reflects our economic restructuring. So, while there are jobs available, the workers who are unemployed will need the skills and qualifications in order to take up these jobs. That is why we have many initiatives like the Workforce Skills Qualifications System to help them to do so. At the same time, NTUC is working with WDA to step up the Job Re-creation Programme and to re-create 10,000 jobs a year.

105. Dr John Chen and Mr Zainudin Nordin talked about the need for systematic and sustained measures and also asked whether we could make the Workfare Bonus permanent to help the lower-income and unemployed in the longer term. I agree that sustained measures are needed. Indeed, most of the key Workfare measures are permanent and address structural issues. We are providing more social support for low-income families so that parents can go out to work. We are expanding job opportunities through job redesign and equipping individuals with higher skills for better jobs. WDA is expecting to spend a lot of money -- $140 million per year over the next three years on training and re-creating jobs, and we are investing heavily in education. I agree completely with MPs - Dr Lily Neo, Mr Arthur Fong, Mr Ong Ah Heng, Ms Eunice Olsen - who said that it is important to concentrate on children of lower-income families so that they can, in turn, help to lift their families out of poverty. We have a comprehensive approach that includes early intervention, making sure that education is affordable to all, reducing school dropout rates and strengthening vocational training pathways. The Opportunity Funds support our commitment to help these children.

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