Population goals and policies to be examined: DPM Teo
He emphasized the need to attract new immigrants as more Singaporeans turn 65 years and older at a faster rate, while the working population of citizens decreases. -AsiaOne
With the most critical long term issue being to "develop a sustainable population strategy that will maintain the vitality of Singapore, strengthen our harmonious multi-ethnic society, and enable Singaporeans to achieve their life aspirations", DPM Teo said the Government is working on a White Paper on population which will come out in the fourth quarter this year.
Deputy Prime Minister Teo Chee Hean, who oversees population matters, also explained in Parliament on Thursday the need for Singapore to attract new immigrants.
He said that the first batch of baby-boomers, Singaporeans born between 1947 and 1965, will turn 65 from this year onwards, and the median age of Singapore citizens rises from 39 to 47 today.
With the current birth rates and without immigration, more than one in four citizens will be aged 65 and above in 2030, while median age of Singaporeans will rise to 53 in that same year.
With an increase in the silver population and a shrinking workforce, the situation becomes challenging as Singapore strives to "support a significantly larger elderly population".
The National Population and Talent Division will be examining population goals and policies, and working with agencies, stakeholders and members of the public in this review.
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