The Business Times
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COMMENTARY

Budget 2025: Building a stronger enterprise ecosystem and economy for all

Local businesses and workforce must continue to transform to stay relevant and competitive

Summarise
    • Finance Minister Lawrence Wong has cautioned against complacency, especially in light of new global challenges and “dark clouds over the horizon”.
    • Finance Minister Lawrence Wong has cautioned against complacency, especially in light of new global challenges and “dark clouds over the horizon”. PHOTO: YEN MENG JIIN, BT

    Soh Pui Ming and Sandie Wun

    Published Tue, Feb 18, 2025 · 10:41 PM

    THE SG60 Budget, aptly themed “Onward together for a better tomorrow”, reflects the country’s ambition to propel forward into its next lap of inclusive and sustainable economic growth.

    A recent Organisation for Economic Co-operation and Development paper on Singapore’s budgeting framework – Budgeting in Singapore in 2025 – lauds the government’s steadfast commitment to maintaining fiscal discipline.

    With the better-than-expected accumulated surpluses from 2021 to 2024, it is from this position of strength that the measures proposed in Budget 2025 underpin the country’s longer-term priorities for fiscal sustainability.

    Singapore Budget 2025

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