Singapore Budget 2025 Highlights Revenue Growth and New Support Measures

Prime Minister Lawrence Wong outlines fiscal challenges, increased corporate tax revenue, and relief initiatives for households and businesses.

Singapore's 2025 budget projects a fiscal surplus of S$6.8 billion, with operating revenue boosted by a 10.2% rise in corporate income tax collections in 2024.
Households will receive additional support, including SG$800 in consumption vouchers and commemorative vouchers for Singapore's 60th year of independence.
Businesses will benefit from a 50% corporate income tax rebate, capped at SG$40,000, and initiatives to support salary increases for lower-wage workers.
The government announced a SG$1 billion Private Credit Growth Fund and new tax incentives to strengthen Singapore's position as a global business hub.
Expenditure is projected to rise to S$123.8 billion, with significant allocations for healthcare, defense, and economic growth initiatives.