Why Budget 2024 is pro-business as it is pro-social
It’s time for Singaporeans to regard the social and the economic as two sides of the same coin
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THE initial impression of Budget 2024, delivered on Friday (Feb 16) by Finance Minister Lawrence Wong, is that it is a pro-social fiscal policy.
About three-quarters of the speech was devoted to equipping workers to remain employable, creating pathways towards social equality and mobility, providing more assurance for families and seniors by supporting families through every stage and strengthening retirement adequacy, and forging a stronger and more united nation.
To this end, S$5 billion will be allocated towards implementing measures to remake the social compact, following the culmination of the Forward Singapore exercise last October.
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