SINGAPORE: Prime Minister Lawrence Wong will present the highly anticipated Budget for 2025 this coming Tuesday, 18 February 2024, at 3.30 pm in Parliament. This marks his inaugural Budget speech as the Prime Minister, following his role as the Minister for Finance, where he previously guided the last three budget plans.
What to Expect from Budget 2025
In a recent Facebook post, PM Wong expressed his commitment to crafting a Budget that resonates with all Singaporeans, stating, “It will also be a Budget that involves all of you, and advances our #ForwardSG plans for a stronger and more united society. Let’s move onward together for a better tomorrow!” His vision reflects a deep engagement with the public and a desire for collective progress.
Addressing Key Concerns
- Immediate concerns regarding cost of living pressures.
- Long-term challenges affecting Singapore’s growth and stability.
On 11 February 2024, PM Wong acknowledged the anxious expectations of Singaporeans each year, saying, “I know many Singaporeans look forward to the Budget every year, in hopes of more goodies and ang baos. But the Budget goes beyond that. It’s really about our shared agenda and our shared plans for the future.” This statement sets the tone for a Budget focused on more than just financial perks.
How to Follow the Budget Presentation
For those eager to catch the live broadcast of this important event, the Budget speech will be streamed on CNA and available on AsiaOne’s dedicated Budget microsite. Additionally, once the speech concludes, the full Budget statement will be accessible on the Singapore Budget website and the Ministry of Finance’s YouTube channel.
As the nation looks towards the future, all eyes will be on PM Wong as he articulates plans that aim to address the needs of Singaporeans and reinforce a united front in the face of global uncertainty.