Budget 2024: More than S$11 billion to be injected into R&D, AI, finance, clean energy
RIE2025 plan to receive additional S$3 billion in funding, bringing total to S$28 billion
More than S$1 billion to be invested under the National AI Strategy 2.0
S$2 billion top-up to Financial Sector Development Fund; S$5 billion initial investment into Future Energy Fund
FINANCE Minister Lawrence Wong announced investments of more than S$11 billion into national research and development (R&D) efforts, as well as the artificial intelligence (AI), finance and clean energy sectors, in his Budget speech on Friday (Feb 16).
The government will inject S$3 billion into the Research, Innovation and Enterprise 2025 (RIE2025) plan for important segments such as advanced manufacturing, sustainability, the digital economy and healthcare.
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