Budget 2024

Singapore Trends: Insights on Budget 2024 and Upcoming Initiatives

Get a glimpse into the expectations for Budget 2024, including sustainability measures and upskilling initiatives. Learn about refunds on GST charges and HR leaders' wishlists for the upcoming budget.

As anticipation builds for Budget 2024 in Singapore, analysts predict a strong focus on bolstering the economy and supporting businesses. The extension of green schemes and easier access to financing are anticipated to be key highlights. Economist Gan foresees measures to enhance global competitiveness and promote sustainability capabilities among businesses. ITE students are hopeful for increased support in the budget to bridge the pay gap with university graduates.

With the unveiling of the Forward Singapore report, Budget 2024 is expected to pave the way forward for Singapore's economic landscape. The budget may emphasize upskilling initiatives in response to the growing impact of artificial intelligence on the workforce. Additionally, six government agencies are set to refund wrongly charged GST fees for regulatory services.

HR leaders, including those from Senoko Energy and HSBC Singapore, express their wishlist for Budget 2024. Their requests range from more targeted support for upskilling programs to greater funding for research projects. The budget is poised to address critical areas of need and set the tone for Singapore's economic trajectory moving forward.