Budget 2025 to see 9.6% rise in ministries' expenditure

All Singaporeans expected to benefit from measures, including help to tackle cost pressures

- Sheila Chiang

Prime Minister Lawrence Wong on Feb 18 unveiled a bumper Budget providing additional support for Singaporeans to tackle the uncertainties ahead.

PM Wong, who is also Finance Minister, announced a $143.1 billion Budget to tackle cost pressures and equip workers throughout life. Budget 2025 also included measures to encourage economic growth and sustainability, and nurture an inclusive society.

It is expected to be an increase in expenditure of 6.6 per cent from the 2024 Budget, with all Singaporeans expected to benefit. This includes $123.8 billion in expenditure by the various ministries, a 9.6 per cent increase from ministries' spending in financial year (FY) 2024.