Budget 2018-19 : the Seven Pathways on Our Transformative Journey to a High Income Country

Government is charting seven main pathways and creating new poles of economic growth as we pursue our Transformative Journey to attain the status of an Inclusive High-Income country based on innovation and sustainable value-creation.

First, we will focus on our youth and their future. We will develop a comprehensive approach to equip them with the right set of skills and values to integrate the labour market of now and tomorrow.

Second, we will be even more driven by innovation. We will create new opportunities for private investment and job creation by accelerating the country’s move to an age of digitisation through Artificial Intelligence (AI), blockchain technologies and Fintech.

Third, we will foster a new wave of import substitution industry and revive export-led production.

Fourth, we will build the strategic and modern infrastructure that is essential for an economy aiming to achieve highincome status.

Fifth, to secure sustainable development, we will make significant investment to protect and enhance our environment.

Sixth, we will work towards lifting the standard and quality of life of the population by investing in health, sports, education, and most importantly, ensuring that all families have a decent dwelling.

Seventh, this Government will continue to fully uphold its public responsibility to create an inclusive and caring society. Accordingly, we will further consolidate our welfare system, enhance the role and participation of women and strengthen support to the elderly. And this will be done by ensuring strong and stable macroeconomic fundamentals and sound public finances.