The Budget 2024 in Singapore focuses on addressing immediate challenges such as cost-of-living pressures while investing in long-term goals of economic growth, better jobs, and lifelong learning. Key policy moves include enhancements to the Assurance Package, top-up of SkillsFuture credits, and corporate income tax rebate. The government also plans to improve retirement adequacy, lower healthcare costs, and provide more support for lower-wage workers. Deputy Prime Minister Lawrence Wong announced these initiatives in his Budget speech.
Everyone will have a slice of the Budget 2024 pie, which aims to address immediate challenges like cost-of-living pressures while investing in longer-term goals of strong economic growth , better jobs and a culture of lifelong learning . Key policy moves include enhancements to the Assurance Package like giving out more Community Development Council (CDC) vouchers.
A significant top-up of SkillsFuture credits will benefit mid-career workers, while a corporate income tax rebate aims to help companies manage rising costs. The Government will also be rolling out strategies to improve retirement adequacy, lower healthcare costs and provide more for lower-wage workers. Many of these moves were signposted earlier in the Forward Singapore report released in October 2023. Budget 2024 rolls out the first instalment of the Forward Singapore programmes, said Deputy Prime Minister Lawrence Wong in Parliament on Feb 16, as he delivered his third annual Budget speec
Singapore Budget 2024 Challenges Economic Growth Jobs Lifelong Learning Assurance Package Skillsfuture Credits Corporate Income Tax Rebate Retirement Adequacy Healthcare Costs Lower-Wage Workers Deputy Prime Minister Lawrence Wong
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