Is this an election Budget? PM Wong responds
If you think the Budget announcements this year have been generous, it's not because of the upcoming General Election (GE), Prime Minister Lawrence Wong said in a response uploaded to his social media accounts on Tuesday (Feb 25).
The GE is expected to take place this year, and some are wondering if this has influenced the Budget 2025 statement PM Wong delivered on Feb 18.
«The fact is that the Budget coincides with a year when elections will be held,» he began. «If the Budget is deemed to be generous, it's only because we have managed our finances responsibly and well.»
The government is doing «everything they can» to help Singaporeans cope with cost pressures, he also said. «That has always been our focus and will continue to be so.»
Some of these measures are provided to Singaporeans in the form of vouchers - those aged 21 to 59 will receive $600 in SG60 vouchers across the month of July, while those aged 60 and over will get $800.