Pension reform and the solution of the housing problem: Singapore and Kazakhstan

Abstract

This article discusses some theoretical conceptual aspects of the problem of Public Administration in Singapore. At different stages of its economic development, the Singapore government has faced various housing problems. In the 1960s, a comprehensive system of land and housing provision and financing was created to solve the problem of housing shortages. This article analyzes the main pillars of the reform of the pension and housing systems, in particular, identifies such issues as the rules for resolving pensions, providing the population with social housing, the importance and necessity of the Central Provident Fund Board in Singapore, the policy of ethnic integration and the rental scheme. In this article, the main policy changes presented were evaluated and recommendations for reforming the housing market were given. The long-term evolution of Singapore’s economy has been analyzed in comparison with the past, and we have tried, in addition to analyzing the current situation, to give forecasts and political recommendations for the future. In addition, in this article, we studied the practical value and significance of Singapore’s experience for Kazakhstan, comparing the main similarities and differences in pension and housing policy reform in Singapore and Kazakhstan. Key words: Singapore, Government, Public Administration, reform of pension and housing systems, social housing.