Job Description

What the role is:

The Fiscal Policy Directorate in MOF is responsible for formulating and implementing fiscal strategies and frameworks to optimise the allocation of finite public resources, to maintain macroeconomic stability (e.g. through countercyclical fiscal policies), support economic growth, and promote social equity. This requires making difficult trade-offs across competing strategic priorities in the social, economic, security and infrastructure domains, while considering progressivity and inter-generational equity. Our work ensures that we can balance the budget and have sufficient resources to advance Singapore\'s key priorities, for the benefit of Singaporean households and businesses. We ensure fiscal sustainability over the medium to long term by setting out plans for our revenue (e.g. taxes, returns on investment of reserves, Government fees), financing (e.g. use of bonds), expenditure, and public sector manpower priorities. This requires close collaboration with our colleagues across MOF, as well as other Government agencies. We are looking for a self-driven and highly motivated individual, with an interest in working with data, to join our dynamic and collaborative team. You will have the opportunity to gain a strategic overview of the government\'s priorities, manage trade-offs among competing needs, and shape the public policy agenda. You will also have the opportunity to review and operationalise our budgetary policies (e.g. Block Budgets, Programme Budgets, Reinvestment Fund, Manpower Management Framework, debt management) to support our macro-allocation objectives. As a Fiscal Policy Associate, you will be required to consult widely at all levels, synthesise and analyse information effectively, generate robust policy options and exercise sound judgment over trade-offs.

What you will be working on:

Key areas of work could involve the following: Policymaking 1. Formulate, review and implement fiscal, budgeting, revenue, financing, debt management and public sector manpower policies to enable optimal allocation of resources across the Government and ensure fiscal sustainability Strategic Planning 2. Horizon scanning and research of future economic and social challenges/opportunities, and study the implications for Singapore 3. Formulate Singapore\'s fiscal strategies and response to these key challenges and seed ideas for major public policy shifts Managing Stakeholders and Trade-offs 4. Work closely with stakeholders to shape the Government\'s revenue and expenditure plans and ensure alignment and coherence with the Government\'s strategic priorities 5. Analysis of fiscal impact of major policy changes and public spending programmes and manage the trade-offs across different sectors Data Analytics 6. Analyse fiscal and macroeconomic data to sense-make the impact of fiscal policies 7. Model and project our revenue and expenditure over the medium to long term

What we are looking for:

Candidates should preferably have: \xe2\x80\xa2 Strong critical thinking, writing and presentation skills, as well as good numeracy skills. \xe2\x80\xa2 A background in economics, social sciences, business or the quantitative disciplines. \xe2\x80\xa2 Keen interest in public policy.

About Ministry of Finance:

The mission of the Ministry of Finance (MOF) is to create a better Singapore through finance. We aim to sustain a high-performance Government with sound public finances that enable growth opportunities for all Singaporeans. The Ministry of Finance is an important central planning agency within the Public Service, serving four key roles: \xe2\x80\xa2 As a Steward, we are responsible for the Government\'s overall budget and management of reserves \xe2\x80\xa2 As an Enabler, we provide resources (funds, products and expertise) to other government agencies for the implementation of national policies and programmes \xe2\x80\xa2 As an Integrator, we bring agencies and/or other stakeholders together to achieve whole-of-government outcomes \xe2\x80\xa2 As a Catalyst, we seed new ideas and open up new terrain where others have not yet seen the potential for success.

Ministry of Finance