On 14 February, Deputy Prime Minister and Minister for Finance, Mr Lawrence Wong, announced the Budget 2023 with the theme “Moving forward in a new era”. The budget focuses on six major areas: family, cost of living, retirement security, economic development, employee training, and tax rate adjustments. It also outlines how our country plans to secure the future, help citizens seize new opportunities, and strengthen social contracts.

In line with this topic, on Thursday, 23 March 2023 (Thursday) at 7:30 PM, SFCCA organised a closed-door dialogue session on “Budget 2023” as part of the “New Immigrants and Singaporean Society Experiential Series”. Minister for Education, Mr Chan Chun Sing, was the guest speaker, in which he discussed various aspects of the “Budget 2023” with our attendees. A total of 90 participants attended this dialogue, including 62 leader representatives from SFCCA member clan associations.

Guest speaker—Minister for Education, Mr Chan Chun Sing

Before the dialogue session begins, President of SFCCA, Mr Thomas Chua, delivered a speech. In his speech, he mentioned the two trends that the government would need to monitor closely. The first trend is alleviating inflationary pressures to assist Singaporean families in coping with the rising cost of living. The second trend is encouraging childbirth and urging young couples to contribute to Singapore’s birth rate.

President of SFCCA, Mr Thomas Chua delivering his speech

Minister for Education, Mr Chan Chun Sing, also discussed the challenges that our country will face in the future

“Budget 2023” Dialogue Session concluded successfully!

Through this dialogue session, the participants benefited greatly and gained a deeper understanding of our nation’s budget.