By 2030, about 1 in 4 Singaporeans will be aged 65 and older.
Government HEALTHCARE SPENDING is expected to rise sharply, Finance Minister Heng Swee Keat said.
Mr Heng was speaking to the media after a tour of Changi General Hospital and Saint Andrew's Community Hospital on Wednesday (Dec 6).
"As medical technology improves, as our population ages, the demands will grow, and the need to provide for that will also grow," he said.
Mr Heng predicts an annual budget of "at least" $13 billion from 2020.
Mr Heng said the figure "is just an initial estimate" and will depend on "how well we are able to manage in the next few years".
The budget for MOH this year was $10 billion. In 2010, it was $4 billion.
Singapore has a rapidly ageing population. This year, 1 in 7 Singaporeans is aged 65 and older.
By 2030, 1 in 4 Singaporeans will be 65 and older.
Government HEALTHCARE SPENDING is expected to rise sharply, Finance Minister Heng Swee Keat said.
Mr Heng was speaking to the media after a tour of Changi General Hospital and Saint Andrew's Community Hospital on Wednesday (Dec 6).
"As medical technology improves, as our population ages, the demands will grow, and the need to provide for that will also grow," he said.
Mr Heng predicts an annual budget of "at least" $13 billion from 2020.
Mr Heng said the figure "is just an initial estimate" and will depend on "how well we are able to manage in the next few years".
The budget for MOH this year was $10 billion. In 2010, it was $4 billion.
Singapore has a rapidly ageing population. This year, 1 in 7 Singaporeans is aged 65 and older.
By 2030, 1 in 4 Singaporeans will be 65 and older.
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