SEC335: In 2019, New Zealand’s Prime Minister, Jacinda Ardern, put out a National Budget Where Spending is Dictated by what Best Encourage: Economic Security and Culture Essay, SUSS, Singapore

In 2019, New Zealand’s Prime Minister, Jacinda Ardern, put out a national budget where spending is dictated by what best encourage the “well-being” of citizens, rather than focusing on traditional bottom-line measures like productivity and economic growth.

As part of this framework, PM Ardern has set aside more than $200 million to bolster services for victims of domestic and sexual violence, provision of housing for the homeless population, improving mental health, reducing child poverty, addressing the inequalities faced by indigenous Maori and Pacific islands people, thriving in a digital age, and transitioning to a low-emission, sustainable economy. Experiment, in the context of economic security, if Singapore should follow New Zealand and deprioritise economically growth.