Against the backdrop of a world that’s facing growing uncertainty, Prime Minister and Finance Minister Lawrence Wong delivered his fourth Budget statement, but his first as prime minister.
The broad suite of measures announced tally up to a record $143.1 billion, an increase from the $134.2 billion spent in the 2024 financial year.
Key measures announced were aimed at helping Singaporeans tackle cost pressures, advancing the country’s growth, equipping workers through their lives, building a sustainable city, as well as nurturing a caring and inclusive society.
Businesses and workers in particular can expect to benefit from a slew of subsidies and initiatives surrounding lifelong learning. Singapore is also pushing ahead with building a more resilient green economy.
On Part One of our special Budget edition of Morning Shot, Professor Lawrence Loh, Director, Centre for Governance and Sustainability, NUS Business School, Dr Gillian Koh, Senior Research Fellow, Institute of Policy Studies and Patrick Tay, Assistant Secretary-General, NTUC and Member of Parliament for Pioneer SMC share their insights.
Presented by: Audrey Siek & Emaad Akhtar
Produced by: Yeo Kai Ting (ykaiting@sph.com.sg)
Photo credits: Chong Jun Liang / ST
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Breakfast with Ryan Huang, Emaad Akhtar and Audrey Siek