Singapore Prime Minister Lawrence Wong addressed the growing cost of living concerns in Singapore, emphasizing that the PAP government is actively working to mitigate the impact of global inflation. He noted that while inflation has moderated, price levels remain elevated, affecting the well-being of Singaporeans. Wong acknowledged the pressure faced by the PAP government, stating that opposition parties are exploiting the issue to garner support, despite lacking concrete solutions. He assured that the government is committed to providing continued support through various packages and the upcoming Budget 2025.
Though inflation has moderated in recent months, price levels remain higher than before, impacting people’s sense of well-being, said Prime Minister Lawrence Wong on Nov 24.SINGAPORE - The PAP government is doing its best to shield citizens from the worst effects of global inflation, even as opposition parties in Singapore have tried to exploit cost-of-living concerns to turn sentiments against the ruling party, said Prime Minister Lawrence Wong .
While he acknowledged Singaporeans’ worries about cost of living, he noted that it is not a unique issue to Singapore, as countries everywhere are facing similar pressures due toThough inflation in most places, including Singapore, has moderated in recent months, price levels remain higher than before, impacting people’s sense of well-being, he said in his speech at the PAP’s biennial party conference on Nov 24. About 3,000 party cadres, activists and guests – including from the labour movement – were gathered at the Singapore Expo, where cadre members had voted in the morning for the party’s next core group of leaders. PM Wong, who is currently PAP’s deputy secretary-general, noted how frustration with rising cost of living overshadowed other matters and contributed to strong anti-incumbency feelings in countries that held elections in 2024. Every governing party in a developed country that held elections in 2024 lost vote share, and a number lost the mandate to govern altogether, he noted. “We feel the pressure in Singapore too. Opposition parties have tried to exploit this issue to turn sentiments against the PAP, even though they themselves do not have good solutions,” he said.The Government has rolled out major packages over the last few years, with more help on the way in the coming months, such as“I am now preparing for Budget 2025, because I’m still the Finance Minister, remember. I will see how we can continue to provide additional support in the Budget,” he adde
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