Are Singapore’s citizen welfare good?

Okay.

Singapore’s economic development is inseparable from its comprehensive and advanced medical system. The Singaporean government invests relatively large amounts of money in medical facilities every year, focusing on the completion of infrastructure and the introduction of foreign talents. Singapore will also maintain exchanges and cooperation with some developed countries, which has directly pushed Singapore into the most popular hospital in Asia. status as a medical tourism destination.

Singapore has a complete education system and tuition fees are very cheap. At the new price, the tuition fees for citizen children are only 10-30 Singapore dollars per month. Although the government will make some adjustments to tuition fees, the magnitude of each adjustment is very small. Gaby, a consultant at Yingjin Group, a Singaporean immigration company, said this is because the Singaporean government wants to provide a fair educational environment and a good learning atmosphere for every student, and also to cultivate more talents for the country.

Singapore’s provident fund system

Singapore’s provident fund system has become an important component of the social security system, and after years of improvement and development, this system has become an integral part of its housing, health care, A social security system that integrates multiple functions such as pensions and pensions.

Singapore’s provident fund system is open to all long-term residents, just like domestic social security. The provident fund generally contributes about 30% of wages, and both employers and employees must contribute part of it. When economic conditions are good, the contribution rate to the New Provident Fund can be as high as 50%.