Report: Singapore Budget 2013

The educational measure that the government took in the Singapore budget 2013 is effective in achieving its objectives of enriching the educational experiences of Singaporean students.The measure that was passed in the Singapore budget 2013 states that the Edusave Endowment Fund will receive a $300 million top-up from the government. The increase in Edusave savings is effective in achieving the goals of the budget as students can use the extra money in the edusave savings to increase their opportunities to go for educational trips or events.Also,students can use the extra money to help subsidise the purchase of educational material.Hence,this means that students would have a more enriching educational experience without placing an additional burden on their parent’s finances.Also,students who demonstrate excellence or great improvement in their academics would also be rewarded under the edusave scheme.With the increase in the Edusave funds,more students would be rewarded monetarily. Hence,there is an increased motivation in these students to strive even harder in their academical performance,and therefore there would be an increase in the level of workforce Singaporeans would occupy in the future.An example of the benefits of this measure can be seen from the effects of the measure on me and my family.Firstly,the Edusave Endowment Fund would ease the financial commitments of my parents.Being in the School of science and technology,we are entitled to many enriching educational experiences.However,these experiences like the Global citizenship overseas trips to various countries would require a significant sum of money to be paid by our parents.Hence,there is an added financial commitment that our parents would have to make.However,with the increased edusave funds,the cost for these GCP trips would hence be subsidised. Therefore,there is a lesser financial burden on parents to pay for the trips and thus they will be less hesitant to send students for this educational