RIE FUNDING
Mr Singh raised the issue at the start of the Budget debate on Tuesday, saying “significant” public interest surrounds how the government deploys its surpluses. Singapore recorded a surplus of S$15 billion (US$11.8 billion) for the 2025 financial year.
He pointed to the S$40 billion Forward Singapore package announced during Budget 2024, and the Research, Innovation and Enterprise (RIE) 2030 plan, for which funding has increased to S$37 billion, saying there has been insufficient public accounting of how the money has been spent or what outcomes have been achieved.
Also on Tuesday, Mr Yip asked whether the government’s artificial intelligence missions to drive transformation across key sectors would come with “measurable labour outcomes”.
On Wednesday, Dr Haresh said policy outcomes should be tracked across domains to enable proper assessment, generate insights and support planning.





