Pre-Budget 2026 Youth Conversation

Yesterday evening, I attended the Pre-Budget 2026 Youth Conversation hosted by NYC.

The discussions focused on three overarching priorities: advancing the economy, securing good jobs, and uplifting Singaporeans to progress together. On economic development, youths highlighted the need for a stronger enterprise ecosystem built on collaboration, networking, and government consultative support rather than direct cash handouts. Concerns were raised about high business costs, particularly rental pressures affecting local cafés and small enterprises, and the importance of helping Singaporean firms internationalise while maintaining fiscal prudence and long-term economic resilience.

On employment and education, youths expressed mixed views on existing initiatives such as SkillsFuture and lifelong learning. While some felt that outreach, career guidance, and job-matching support remain insufficient, others acknowledged that upskilling resources are already widely available and accessible. Broader concerns were raised about Singapore’s education system being overly theoretical and fast-paced, with insufficient accommodation for different learning speeds. There was general agreement that workforce transformation, AI readiness, and closer alignment between education and careers are essential to reduce skills mismatches and ensure sustainable employment.

In discussing social progress, cost of living and family formation emerged as major concerns. Despite existing grants and policies, many youths felt that raising children remains financially challenging, particularly for younger generations. It was noted that while cost-of-living pressures affect all citizens, vulnerable groups are less able to absorb economic shocks, and targeted support remains important. At the same time, some youths emphasised the need for mindset shifts regarding family expectations and long-term financial planning, linking affordability to broader well-being and mental health outcomes.

The panel discussion reinforced Singapore’s long-standing principles of fiscal discipline, long-term planning, and proactive investment, drawing lessons from the era of Goh Keng Swee. Speakers highlighted the importance of steady investments in defence, infrastructure, and diplomacy to prepare for sudden economic or geopolitical shocks, rather than reacting only in times of crisis.

Overall, the dialogue underscored a shared belief that Singapore’s future depends on balancing economic competitiveness, social inclusion, and strategic foresight, while continuously adapting policies to a rapidly changing global environment.

Originally published on LinkedIn. View the original post ↗