Generous giveaways with responsible spending: Observers

From private home owners and hawkers to those interested in sports and the arts, the Budget measures announced on Feb 18 provide support across diverse segments of society, reinforcing Prime Minister Lawrence Wong's promise of a "Budget for all Singaporeans".

- Anjali Raguraman and Hariz Baharudin

Experts, observers and MPs told The Straits Times that the speech was notably comprehensive, reflecting the Government's commitment to ensuring that no Singaporean would be left behind.

Several noted how the announcements made by PM Wong cast the spotlight on groups that are not typically featured, highlighting its inclusivity and broad reach.

Calling it an "even-handed approach Budget" that focuses on the social dimension as well as the economic dimension, Singapore Management University (SMU) law don Eugene Tan said that Budget 2025 seeks to get the balance right in dealing with top-of-mind concerns.

"It also attempts to recognise the concerns, needs and aspirations of different generations, as well as ensures the equitable distribution of the country's wealth between those in public and private housing," he said.

SOMETHING FOR EVERYONE

Experts noted that several giveaways are extended to private property owners, a group that sometimes feels left out when goodies are distributed.

PM Wong announced that all Singaporean families living in private property will receive $400 worth of vouchers to buy eco-friendly household appliances as an expansion of the existing Climate Friendly Households Programme.

Separately, he also said that the Enhancement for Active Seniors programme, which sees the Government pay for upgrades to homes to be fitted with age-friendly features, will also be extended to seniors living in private property.

Private home owners are often perceived as being able to take care of themselves, but the announcements show that some of them could be in need of help, said Mr Song Seng Wun, economic adviser at CGS International.

"Many are asset-rich but cash-poor. Because we have fiscal flexibility, the Government can afford to extend some support," he said.