Public reactions to last Monday’s Budget showed a slight improvement over 2018, with higher enthusiasm amongst older Singaporeans.
Overall Singaporeans scored the 2019 Budget at 5.8 (rating it on a 0-10 scale), up from 5.4 in 2018. About 18% of Singaporeans scored the Budget between 8-10, again up from 15% in 2018.
Year-on-year, 28% of Singaporeans said the 2019 Budget was personally better for them compared to 2018, whereas 20% said it was worse than last year (52% said it was the same).
However, whereas 32% of over 50-year-olds said this year’s Budget was better for them personally, only 23% of 35-49-year-olds (sandwich class) thought it was better, compared to 26% of the same age group who said it was worse for them.
In other key findings:
• 26% of Singaporeans said they paid close attention to Budget 2019 compared to 29% in 2018 (down 3%)
• Cost of living related assistance measures such as public transport vouchers (for lower incomes) and extended service and conservancy charge rebates attracted higher ‘very favourable’ ratings ahead of the Merdeka Package and the Bicentennial Bonus
• The biggest winners in 2019 were seen to be those born between 1950-1959 – the Merdeka Generation (29% of Singaporeans said this group benefitted the most)
• 59% of Singaporeans believe the Budget will help to improve the Singapore economy versus 41% who do not believe it will have any real impact
• 77% of those polled believe the contents of the 2019 Budget make it more likely for an early General Election in 2019 (30% say much more likely)
This survey was conducted on 20 Feb, 2019, with a representative sample of 750 Singaporeans. We use a geographically stratified online sample. Our methodology also applies quota controls to ensure representative demographic coverage of the population.