Government needs to consider additional revenue sources as it copes with an ageing population and a rise in social spending: Teo

Minister of State for Finance Josephine Teo has said that the government will need to consider additional revenue sources as it copes with an ageing population and a rise in social spending.

She was speaking during the Committee of Supply debate for the Finance Ministry.

Mrs Teo also announced further measures to up the pay of low wage workers and enhance procurement processes within the public sector.

From April, the government will engage only accredited cleaning companies.

This will apply to all new contracts signed.

What this means is that Singaporean cleaners on government contracts will be paid according to the Progressive Wage Model - a system that has been described as a component of Singapore's own Minimum Wage model.

In its continuing effort to enhance transparency and procurement processes within public sector agencies, the government is developing a Procurement Specialist Track for its officers.