Deputy Prime Minister and Minister for Finance, Lawrence Wong, will deliver the Singapore Budget 2024 Statement in Parliament on Friday, 16 February 2024, 3.30pm.
Stay tuned to our live coverage, for the latest announcements and updates of Singapore Budget 2024, as it happens. We will also provide real-time commentary on the potential implications that the announcements may have for Singapore and Singaporeans.
This page will be updated periodically as the Budget 2024 statement is delivered.
Where To Watch Singapore Budget Statement 2024 Live?
For those who interested to catch the live broadcast of Finance Minister Lawrence Wong’s Singapore Budget 2024 live, you can do so via the following platforms:
Television: CNA and Channel 5
Radio: CNA938 and Capital 958
Browser: Singapore Budget website, Channel NewsAsia website, 8 World News and MediaCorp’s meWATCH
YouTube: CNA and 8 World News
Facebook: CNA and 8 World News
Pre-Budget 2024 Reading List
This year, Finance and Deputy Prime Minister Lawrence Wong will be delivering the Budget 2024, titled Building Our Shared Future Together. It is expected to be the first instalment of plans set out in the Forward Singapore road map.
According to DPM Wong, Budget 2024 is meant to keep Singapore moving forward and equip its citizens to realise their fullest potential while keeping them assured in a more troubled world.
This comes amidst rising cost pressures including the rise in the Goods and Services Tax (GST) from 8% to 9% from 1 January 2024. To help Singaporeans cope with rising cost-of-living pressures, the government announced an additional $1.1 billion cost-of-living support package in September 2023 for households. This is on top of the enhanced $9.6 billion Assurance Package that the government announced in Budget 2023 to help Singaporean households through various support schemes, such as cash payouts, U-Save rebates, S&CC rebates, and CDC vouchers.
Additionally, businesses were also given assistance like the CPF transition offset for the increase in CPF contribution rates for senior workers and other incentives to seize new opportunities where possible. To help workers with their retirement needs, the CPF monthly contribution salary ceiling was raised from $6,000 to $6,800 from 1 September 2023 and would eventually be raised to $8,000 by 2026.
Similarly, we could expect this year’s Budget 2024 to focus on the basic needs that matter to Singaporeans, such as education, retirement, healthcare and housing.
The post [Liveblog] Singapore Budget 2024: Live Coverage And Real-Time Commentary appeared first on DollarsAndSense.sg.
