Singapore Budget 2025

Generous financial support and more measures to improve economic competitiveness.

This would mean 0.7% of the GDP.

They also advocate for increased funding in R&D for sustainable technologies and artificial intelligence governance.

Proposed measures include restrictions on the sale of shares in property-holding companies.

It also called for enhancements to Singapore's tax system to support businesses and drive innovation.

Firms cite manpower issues and cost pressures as their main challenges.

70% of employers support initiatives on reskilling and upskilling.

The budget will be presented in February 2025.