DPM Wong to deliver 2024 Budget Statement on Feb 16
Elysia Tan
DEPUTY Prime Minister and Minister for Finance Lawrence Wong will deliver Singapore’s Budget 2024 Statement in Parliament on Feb 16, in his third time delivering the annual speech.
The Budget Statement will be broadcast live on television and radio, as well as online at www.singaporebudget.gov.sg. It will be published in full on the website after delivery.
Budget 2024 is set to reveal details of a support scheme to help involuntarily unemployed jobseekers in the lower and middle-income groups, among other initiatives arising from the Foward Singapore consultation exercise.
Members of the public can continue to share their views and hopes for the Budget through Reach’s Budget 2024 microsite, www.reach.gov.sg/budget2024, until Jan 26. There will also be a physical feedback gathering exercise at Galaxis at one-north on Jan 23, from 12 to 3 pm.
The Ministry of Finance is seeking views and suggestions until Jan 26, through virtual engagement platforms and physical touch points in the heartlands, in partnership with the People’s Association and its grassroots organisations.
The annual Budget sets out the government’s revenue and spending estimates for the new financial year, which begins on Apr 1 and ends on Mar 31 the following year. It also includes revised government revenue and expenditure projections for the current financial year.
Parliament will debate the Budget Statement about a week after it is delivered, with Wong then making a round-up speech to address queries and feedback from Members of Parliament.
Parliament then sits as a Committee of Supply to examine each ministry’s spending plans.
If the president assents to the Supply Bill, it becomes a law called the Supply Act, which controls the Singapore government’s spending in the upcoming financial year. It is expected to be enacted by Mar 31.
Copyright SPH Media. All rights reserved.
