Budget 2025 rolls out support for Singapore citizens – from cash vouchers to CPF hikes, find out all the juicy details!
As Prime Minister Lawrence Wong strides into the new fiscal year with his first Budget statement, he unveils a treasure trove of initiatives designed to uplift every Singaporean. The Budget 2025 is all about support and growth, aiming to lighten the weight on wallets while propelling the nation forward economically. With a slogan that promises an inclusive approach—"A Budget for All"—the government is clearly focused on ensuring no one gets left behind in the march towards a brighter future.
One of the standout features that got many jumping for joy is the announcement of $800 in Community Development Council (CDC) vouchers for every eligible Singaporean household! In a year where inflation has started feeling like an uninvited guest at dinner, this timely relief is set to ease some of the cost-of-living strains. Moreover, the government isn't just throwing cash; they are bolstering long-term security with an increase in the Central Provident Fund (CPF) contribution rates for citizens aged 55 to 65 by 1.5 percentage points in 2026. This move is designed to bolster retirement savings, ensuring that our golden years shine brighter.
However, it doesn’t stop there! Budget 2025 also includes exciting developments for businesses, particularly a new SkillsFuture Workforce Development Grant that promises up to 70% funding for job redesign activities. The Budget aims to drive innovation and skill enhancement among the workforce, ensuring that Singapore remains competitive on a global stage. Additionally, incentives for transitioning toward zero-emissions heavy vehicles highlight the government’s commitment to sustainability, enabling cleaner transport solutions in the landscape of bustling urban life.
In a nutshell, this Budget is crafted as a safety net, flowing with benefits spread across various aspects of life in Singapore. As PM Wong put it, this is not just a set of numbers; it reflects the collective vision of a resilient future for everyone. And while there are gripes about rising prices, let’s not forget to cheer for that little extra help coming our way!
Did you know? The CDC voucher initiative costs the government an astounding S$1.06 billion this fiscal year alone! That's a monumental investment in the welfare of Singaporean households. Plus, with the CPF contributions increasing, seniors in Singapore will have a better chance to build their retirement savings. Talk about a double whammy of care and support!
Delivering his first Budget statement as head of government, PM Wong told the House that this year's fiscal proposal further advances the Forward Singapore ...
THE government will continue to provide additional support for Singaporeans as part of Budget 2025, said Finance Minister Lawrence Wong on Tuesday (Feb 18).
Stay updated on Singapore Budget 2025 as PM and Finance Minister Lawrence Wong delivers key announcements. Follow real-time updates on CNA.
SINGAPORE: The Central Provident Fund (CPF) contribution rates for those aged above 55 to 65 will increase by 1.5 percentage points in 2026, Prime Minister ...
THE Singapore government will increase Central Provident Fund (CPF) contribution rates for those aged above 55 to 65 by 1.5 percentage points in 2026, ...
Singapore Business Review is tracking developments from Singapore's 2025 budget statement live as they are announced by Prime Minister Lawrence Wong.
THE government will provide incentives for the adoption of clean energy variants of heavy vehicles, said Finance Minister Lawrence Wong on Tuesday (Feb 18).
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How will Singapore's Budget 2025 balance economic growth, job security, and rising costs to secure a future for all? Singapore's Prime Minister Lawrence ...
The move is meant to help senior workers build up their retirement savings, said PM Wong. Read more at straitstimes.com.
A NEW SkillsFuture Workforce Development Grant will provide higher funding support of up to 70 per cent for job redesign activities, said Finance Minister ...
The CDC vouchers scheme is expected to cost the government S$1.06 billion this financial year. Additionally, households will receive up to S$760 in U-Save ...
The country announced support measures for households and businesses, including vouchers and tax breaks, in its first budget under Prime Minister Lawrence ...
Singapore will disburse additional cash vouchers and rebates on utilities to households to weather the rising costs of living, Lawrence Wong has announced ...
Hello to all our readers, Yahoo Singapore will be bringing you live news updates today. To help cope with the pressure of rising costs, Prime Minister Lawrence ...
BUDGET 2025 tackled cost pressures facing households and businesses, while laying out long-term plans to spur growth, help vulnerable segments of society ...
Besides the one-off SG60 vouchers, there are goodies for hawkers, middle-income workers, and the arts and heritage sector. Read more at straitstimes.com.
The Matched Retirement Savings Scheme will also be expanded to include eligible S'poreans with disabilities of all ages. Read more at straitstimes.com.
From stronger job support to more training opportunities, Budget 2025 is designed to help workers thrive in a changing world. Here are 5 things you need to ...
Singapore prime minister and finance minister Lawrence Wong presented the 2025 budget at parliament today.
SINGAPORE: "A budget for all Singaporeans" – that was how Prime Minister Lawrence Wong described Budget 2025, which was announced on Tuesday (Feb 18).
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In his Budget speech delivered in Parliament, Finance Minister Lawrence Wong noted that the government has ramped up its BTO supply decisively, ...
Eligible first-timer families in rental flats will also be allowed to buy shorter-lease flats. Read more at straitstimes.com.
Against this backdrop, Prime Minister and Finance Minister Lawrence Wong on Tuesday (Feb 18) unveiled a range of initiatives aimed at helping individuals and ...
SINGAPORE - Prime Minister Lawrence Wong on Feb 18 unveiled a bumper Budget providing additional support for Singaporeans to tackle the uncertainties ahead.
THE various SkillsFuture enhancements in Budget 2025 will make upskilling easier for companies of all sizes, as well as employees with particular needs, ...
Singapore expects a fiscal surplus of S$6.8 billion, or 0.9 per cent of gross domestic product for the 2025 financial year, despite a generous spending plan ...
PARENTS of Singaporean children will receive up to S$16000 more in support for their third or subsequent child, under a new Large Families Scheme introduced ...
There will also be a personal income tax rebate of 60% for YA 2025, capped at S$200. All ActiveSG members will get S$100 in “SG60 ActiveSG credits,” which can ...
Find out what you could get in this year's Budget announcements by Singapore PM Lawrence Wong with this interactive calculator.