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Budget 2025 is one for all Singaporeans, said Prime Minister Lawrence Wong in Parliament on Tuesday (Feb 18). In his first Budget speech as head of government, PM Wong started off by saying that Singapore's economy grew by 4.4 per cent and the median incomeMore CDC vouchers, $500 Edusave top-up: What you should know about Budget 2025
Budget 2025 is one for all Singaporeans, said Prime Minister Lawrence Wong in Parliament on Tuesday (Feb 18). In his first Budget speech as head of government, PM Wong started off by saying that Singapore's economy grew by 4.4 per cent and the median income of workers rose by 3.4 per cent above inflation. A «good momentum» aside, he added that it comes amid «greater global certainty». «But we can look ahead with a degree of confidence. Singapore today is far stronger than we were 60 years ago,» said PM Wong. «This Budget builds on previous Budgets, not only to address today's challenges, but to plan ahead and secure Singapore's future.» Here are some of the key announcements from Budget 2025. Easing Singaporeans' cost of living concerns Singaporeans will get a mix of vouchers, rebates and credits to help them cope with the rising cost of living. In his Budget speech in Parliament on Tuesday (Feb 18), Prime Minister and Finance Minister Lawrence Wong acknowledged that Singaporeans have had to «tighten their belts» amid the «new price realities» despite inflation expecting to ease further this year. Read more