Building deep skills complements productivity drive

IN many ways, this year's Budget continues the push to transform Singapore's economy. The goal is quality growth and sharing the fruits of that growth more evenly. Most Singaporeans have something to gain from this year's budget. Examples include enhanced subsidies for school-going children, greater contributions for workers, and subsidies for low and middle-income workers.

But the key plank in this year's budget has to be the SkillsFuture initiative. It is a significant undertaking indeed, with the government setting as…