Overview

• Budget 2024 aims to address cost of living, inflation, and employability concerns amidst global uncertainties.
• S$5 billion allocated this year to strengthen social safety nets as part of the Forward Singapore initiative.
• Mid-career workers to receive S$4,000 SkillsFuture Credit for training, alongside a new re-employment support scheme.
• Economic measures include a S$3 billion boost for research and development and over S$1 billion investment in artificial intelligence.
• The budget anticipates a surplus, with recent tax increases supporting social assistance and economic growth.