Singapore’s government has unveiled its 2025 budget, focusing on enhanced support for businesses and households to navigate ongoing economic challenges. The budget, announced on February 18, 2025, includes measures to boost innovation, strengthen social safety nets, and ensure sustainable growth.

Key initiatives include increased grants for small and medium-sized enterprises (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 building 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.