Budget 2024: Full speech by Minister Lawrence Wong

S$1.9 billion in support for Singaporean households to cope with the rising cost of living and S$4,000 top-up to SkillsFuture Credits for Singaporeans above 40 to encourage the upgrading of skills for mid-career workers. These were some of the announcements made in Budget 2024 by Deputy Prime Minister and Finance Minister Lawrence Wong in parliament on Friday (Feb 16).

Many of these measures built on the roadmap from Forward Singapore, a nationwide engagement exercise that sought views from Singaporeans on the country's next stage of development. Mr Wong also announced a new refundable tax credit to attract high-quality investments to Singapore, as well as a new S$5 billion Future Energy Fund. There will be a new financial support scheme in the works for retrenched workers as well. READ: https://cna.asia/4bIjvGg

More details on #Budget2024 here: https://cna.asia/budget2024

00:00 Economic performance and outlook
05:59 Payouts for Singaporean households
10:22 Support for businesses
28:24 S$4,000 SkillsFuture top-up for mid-career Singaporeans
35:49 Support scheme for retrenched workers
38:21 Support for lower-wage workers
42:44 ITE Progression Award and ComLink+ Progress Packages
48:32 Support for families, including making preschools more affordable
53:34 Support for seniors, including changes to CPF system
59:51 Support for healthcare costs, including one-time MediSave bonus
1:07:34 S$200 LifeSG credits for NSmen
1:13:52 Support for charities, arts and sports
1:20:36 Changes to tax systems, including personal income tax and property tax
1:30:58 Fiscal outlook and fiscal position for FY2023 and FY2024

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