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Singapore Budget 2024
Budget 2024
Singapore ended FY2023 with a deficit of $3.6 bil, 0.5% of total GDP
Real GDP grew by 1.1% to $673.3 billion in 2023.
February 16, 2024
Budget 2024
IT leaders' reactions to Budget 2024 tech-related announcements
Tech leaders laud the increased support for AI development and upskilling initiatives announced at Budget 2024.
February 16, 2024
Budget 2024
Government to set up Future Energy Fund, inject $5 bil to invest in energy transition infrastructure: Budget 2024
The new Future Energy Fund will help build the critical infrastructure needed for the energy transition.
February 16, 2024
Budget 2024
Enhanced Retirement Sum to be increased to four times the Basic Retirement Sum: Budget 2024
The Matched Retirement Savings Scheme will be expanded to cover Singaporeans aged 55 and above.
February 16, 2024
Budget 2024
Singapore to announce 'temporary financial support scheme' for retrenched workers later this year: Budget 2024
The government is still working on the specifics of the scheme and will provide more details later this year.
February 16, 2024
Budget 2024
Slew of multi-billion top-ups to boost innovation and attract investment
“We didn't just keep costs competitive; we also enhanced our capabilities,” says Deputy Prime Minister Lawrence Wong.
February 16, 2024
Budget 2024
Singapore to invest over $1 billion in AI over the next five years: Budget 2024
It will also upgrade the national broadband network to ensure that it can effectively support AI development and deployment.
February 16, 2024
Budget 2024
Companies to receive 50% rebate on corporate income tax: Budget 2024
This forms part of a new $1.3 billion Enterprise Support Package, unveiled by DPM Lawrence Wong in his Budget speech on Feb 16.
February 16, 2024
Budget 2024
Assurance package enhancements worth $1.9 bil announced to help Singaporeans cope with higher living costs
All Singaporean households will receive an additional $600 in CDC vouchers.
February 16, 2024
Budget 2024
Small-sized businesses desire support post-rate hike while medium-sized businesses continue to fight inflation: UOB
Compared to 2023, less businesses were prepared for this year's GST rate hike.
February 14, 2024