On 18 February 2025, Prime Minister and Minister for Finance, Mr. Lawrence Wong, unveiled the Singapore Budget 2025, which is pivotal as it coincides with the nation’s 60th anniversary. As we reflect on Singapore’s remarkable transformation from a small island nation to a global economic powerhouse, we now stand at the crossroads of a rapidly evolving global landscape, where economic and trade barriers are reshaping the world.
Budget 2025 builds upon the success of previous initiatives, setting a clear path forward to help Singapore navigate global challenges, support economic transitions, and leverage our nation’s core strengths—our exceptional workforce, robust defence capabilities, diplomatic expertise, and steadfast national unity. This Budget is not merely a response to current challenges faced by businesses and individuals; it is also a comprehensive roadmap designed to unlock future opportunities, elevate Singapore to the next phase of growth, and secure long-term prosperity for generations to come.
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