Budget 2025 is not just a goodie bonanza, it signals where money needs to be spent in the future, say economists in this episode.
CNA's weekly news podcast takes a deep dive into issues that people talk about at dining tables and along the office corridors. Hosted by Steven Chia and Crispina Robert.A bigger tranche of vouchers, more generous rebates and more investments in the local workforce were some of the hallmarks of Budget 2025 .
Deep Dive hosts Crispina Robert and Steven Chia with guests Asst Prof Chua Yeow Hwee and Professor Annie Koh. If you relate it to what Steven was asking,"Alright, I'm worried about jobs, I'm worried about retrenchments," you need to look at it side by side with the job assurance scheme and the programmes that are coming from there.
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Budget 2025: A Budget for All SingaporeansPrime Minister Lawrence Wong unveiled Budget 2025, emphasizing its focus on addressing the cost of living, promoting skills development, and investing in Singapore's future. The budget includes a range of measures to support households, such as CDC vouchers, U-Save rebates, and digital credits for children. It also allocates significant funding to skills training and reskilling programs for Singaporeans, particularly those aged 40 and above. Wong also highlighted the government's commitment to climate change mitigation, announcing a $5 billion investment in coastal and flood protection measures.
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SRA Proposes Budget 2025 Measures to Support Singapore RetailersThe Singapore Retailers Association (SRA) has released its recommendations for Budget 2025, focusing on easing manpower challenges and supporting the retail sector's transformation. Key proposals include increasing the dependency ratio ceiling, reducing foreign worker levies, expanding the Non-Traditional Sources Occupation List, and extending support programs like the SkillsFuture Enterprise Credit.
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Cash Aid Tops Singaporeans' Wish List for Budget 2025A recent AsiaOne survey reveals that Singaporeans overwhelmingly prefer cash and cash-equivalent support measures to combat rising living costs. The survey highlights growing concerns about the cost of food and healthcare, with respondents expressing a desire for government assistance in these areas.
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Cash and cash-equivalents most anticipated cost of living support measures for Budget 2025: AsiaOne surveyWhile preparing for their upcoming wedding and move into their new home, 24-year-old Lee and her fiancé noticed how quickly unforeseen expenses can add up. In such moments, the operations executive turned to the cash payouts and CDC vouchers disseminated by the government as part of Budget 2024.
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Singaporeans Hope for Job Security, Affordable Housing in Budget 2025As Singapore prepares for Budget 2025, many citizens are hoping for government assistance with rising costs of living, job security, and affordable housing. Individuals like Matthew Lim, a tech worker, and Humaira Sulaiman, a single mother, express their anxieties about the uncertain economic landscape and the limited job opportunities available to them.
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Singaporeans call for more SkillsFuture credits, support for vulnerable groups in Budget 2025 wish listIn Matthew Lim's WhatsApp group chat with his National Service buddies, football banter and workout routines are frequently brought up. But in the past year, their light-hearted conversations have taken a somber turn after two of the 30-year-old's friends were laid off.
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