Rising up to meet public expectations

In his speech, he said these changes are necessary because of the challenges Singapore faces, including financial constraints and rising expectations from the public.

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Singapore's ageing population means healthcare spending will increase and "tighten our fiscal space considerably", he said, adding that climate change and the accompanying carbon budget is another constraint to be managed.

"Many of these constraints are interconnected, and therefore the solutions also need to be developed holistically and across different silos, achieving different trade-offs across different domains," he said.