PM Wong unveils S$143b Budget as Singapore marks 60th year of independence
Prime Minister Lawrence Wong has unveiled a S$143-billion Budget for 2025 as Singapore marks its 60th year of independence. He has described it as "a Budget for all Singaporeans". Mr Wong referenced external turbulence and uncertainty multiple times, but he also outlined strategies for Singapore to rise above. The Budget is aimed at easing immediate cost of living pressures, with new and enhanced rebates and vouchers for individuals, households and businesses. It also keeps an eye on longer-term structural needs by building capabilities in innovation and technology, and helping local firms to grow.
Prime Minister Lawrence Wong has unveiled a S$143-billion Budget for 2025 as Singapore marks its 60th year of independence. He has described it as "a Budget for all Singaporeans". Mr Wong referenced external turbulence and uncertainty multiple times, but he also outlined strategies for Singapore to rise above. The Budget is aimed at easing immediate cost of living pressures, with new and enhanced rebates and vouchers for individuals, households and businesses. It also keeps an eye on longer-term structural needs by building capabilities in innovation and technology, and helping local firms to grow.
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