Singapore’s government has unveiled its 2025 budget, with a focus on boosting businesses and households amid ongoing economic pressures. The budget, announced on February 18, 2025, includes measures to drive innovation, promote sustainability, and strengthen social safety nets.
Key initiatives include increased grants for SMEs to adopt digital technologies, tax incentives for green investments, and additional subsidies for low-income households. The government also announced a one-time cash payout for eligible citizens to help offset rising living costs.
Deputy Prime Minister and Finance Minister Lawrence Wong emphasized the budget’s focus on resilience and inclusivity. “We are committed to supporting our businesses and households through these challenging times while laying the groundwork for a sustainable future,” he said.
Analysts have praised the budget for its balanced approach, noting that it addresses immediate economic pressures while investing in long-term growth.
