Budget 2025: The "BTS" of Budget policy: Lens on Singapore

Ever wondered how Singapore's national budget comes together? From grocery vouchers to retirement savings, budgeting for a country is incredibly complicated. Just imagine the size of their Excel spreadsheet.  In this episode of Lens on Singapore, host Claressa Monteiro sits down with Andrew Blazey from the OECD and associate professor Terence Ho from the Singapore University of Social Sciences, to give us the inside view on the Singapore Budget.  Together, they dive into a recent report by the OECD, and discuss the importance of fiscal sustainability, Singapore’s unique budgeting process and how the government is adapting to our changing society and world. Highlights of the conversation: 01:15 OECD’s report card on Singapore’s Budget process 03:15 Importance of fiscal policy 06:11 Singapore's unique budgeting system 13:17 How the Budget is being reformed 17:41 Communicating with younger Singaporeans 18:44 Future of budgeting in Singapore --- Now, we want to hear from you! Send us your questions, thoughts, story ideas, and feedback to [email protected]. We’ll look into it for future episodes. --- Hosted by Claressa Monteiro, edited and produced by Claressa Monteiro and Emily Liu, and engineered by Chai Pei Chieh. With Andrew Blazey, deputy head of Budgeting and Public Management, Organization for Economic Cooperation and Development; and Terence Ho, associate professor (Practice), Singapore University of Social Sciences. A podcast by BT Podcasts, The Business Times, SPH Media --- Follow Lens On and rate us on: Channel: bt.sg/btlenson Amazon: bt.sg/lensam Apple Podcasts: bt.sg/lensap Spotify: bt.sg/lenssp YouTube Music: bt.sg/lensyt Website: bt.sg/lenson Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice.  Discover more BT podcast series: BT Money Hacks at: bt.sg/btmoneyhacks BT Correspondents at: bt.sg/btcobt BT Market Focus at: bt.sg/btmktfocus BT Podcasts at: bt.sg/podcasts BT Branded Podcasts at: bt.sg/brpodSee omnystudio.com/listener for privacy information.