SG Budget 2025: Which Part is The Best?

This week, Singapore announced its 2025 fiscal budget. The budget covers various aspects, including living subsidies (S$800 CDC Vouchers), childbirth incentives (S$5,000 bonus for each third child), reduced tuition fees, employment and job support, business subsidies, transportation, and housing. One of the most relevant topics for workers is salary increases. The planned wage adjustments will take effect in 2025, with higher increments over the next two years. Do you think you will benefit from this wage adjustment plan? How do you view the Budget 2025? Which part is the best or the worst?

$Straits Times Index(STI.SI)$   how much really is enough living in this fast pace environment [Facepalm]  [Facepalm]  [Facepalm]  The new budget aims to increase wages for low-income workers while helping employers manage labor costs. To achieve this, the government will enhance the Progressive Wage Credit Scheme (PWCS) by raising subsidies for wage increases. In 2025, the government will increase its co-funding for wage increments from 30% to 40%. In 2026, the subsidy will rise from 15% to 20%. According to Singapore's 2024 median salary data across different age groups and education levels, the median wage stands at around SGD 5,000. @SPACE
how much really is enough living in this fast pace environment [Facepalm] [Facepalm] [Facepalm] The new budget aims to increase wages for low-income workers while helping employers manage labor costs. To achieve this, the government will enhance the Progressive Wage Credit Scheme (PWCS) by raising subsidies for wage increases. In 2025, the government will increase its co-funding for wage increments from 30% to 40%. In 2026, the subsidy will rise from 15% to 20%. According to Singapore's 2024 median salary data across different age groups and education levels, the median wage stands at around SGD 5,000. @SPACE ROCKET @TigerGPT
$Straits Times Index(STI.SI)$  SG60 Vouchers, increase CDC vouchers and culture passes
$Straits Times Index(STI.SI)$  STI can hit a record high of 4000 by 2026 3rd Qtr. 
avatarDavidSG
02-23
avatarDiAngel
02-23
Replying to @ELI_59:I m not entitled to lot of benefits. So is my mother under my residential address. Sometimes how I wish that I can change her address to my siblings so that she can enjoy more benefits. 🤭🤐. //@ELI_59:Thank you for your kind words. I wish for your golden handshake soon. You too are not having it easy, having to juggle work and caregiving. Do you know you can apply for Home Caregiving Grant? I just found out this month. Good luck 🙏🙏🙏//@ELI_59:I don’t know about my pay rise as i have retired voluntarily to look after my mum full time. What the govt is giving us, is to ease our burden a bit at least for 3 to 6 m
avatarAqa
02-23
The SG Budget 2025 gives every Singaporean household S$800 in CDC vouchers. The budget tried to adress the Inflation which is the biggest worry all of us have. The government has given us some short term goodies with hope that it may help them win the coming election. The long term horizon action items would be painful so it is not announced this round. $800 in CDC vouchers for use in limited places actually benefit some type of chosen vendors. Others such as income tax rebate comes with conditions / cap at $200 actually make us more sad than happy. The worst part of this budget is that majority of us get no real ‘relieve’ or ‘real’ help from the government. The wage adjustment plan benefits very small number of citizens. Thanks @Tiger_SG
avatarPatmos
02-22
$Straits Times Index(STI.SI)$  Inflationary & very stimulating 
Today just attend Francis Tan seminar. So who is Francis Tan? As you may have seen Francis on TV, here's a brief introduction: Francis Tan, Indosuez's Asia Chief Strategist, brings over 20 years of financial expertise from UOB. Specializing in Asian economics and investment, he's a key figure in wealth management. While a respected expert, he's not a constant media presence. He is so insightful of talking about Singapore economy. Singapore have a great planning on the future and we must must contended with what we have. Especially safety and security
avatarDiAngel
02-22
I like the cash bit [Chuckle]but I m not entitled to it due to the criteria. [LOL][Happy] I hate CDC vouchers especially supermarket as I don’t think they will bring back $5 denomination. I m being force to buy at least $10 or keep it for a raining day. [Anger] Gone are the days where I will check what are my entitlements. Now I just have to check my bank account or CPF to determine what I will get when everyone is talking about it. I just hope that Gov will not remove 2.5xdonation for income tax. I m relying heavily for bringing down my income tax. [Bless][Bless][Bless]🙏🙏🙏 I think I will continue to get salary increment. The bottom line is what %. 🧐🤨[Thinking]
avatarDiAngel
02-22
Replying to @MHh:There is nothing new.. give you a chicken wing 🍗now but will get back a whole chicken 🐔 from you. //@MHh:This wage adjustment plan only benefits the low wage workers directly. However, even with the government’s funding, I think this will still fuel inflation. Government’s funding comes from taxes. I hope my income tax won’t increase. Budget 2025 generally aims to increase birth rates, help the economy remain relevant by helping relevant sectors, stimulates the economy by putting money in our pockets to spend. It is good that we get money from the government to boost the economy but in Singapore, there is saying that when the government gives a drum stic, it will g
avatarDiAngel
02-22
Replying to @1PC:[Comfort][Comfort][Comfort]my salary was stagnant for a few years as that period manager “hates” me. [Chuckle][LOL][Happy][Smile][Grin]. But I have the last laugh. 😂🤭//@1PC:it's a Great effort from the government to layout support measures but I don't see this applicable to me [Cry]. Stagnant salaries for years [Cry] [Cry] [Cry]. Hence, don't depend on the employer 😉 Depend on myself Instead 💪 Stock Markets. I really like the CDC vouchers [Grin] [Love you]. At least this is from 'Ah Gong " [Happy] Thank you 😁
avatarDiAngel
02-22
Replying to @ELI_59:Salute you for being a caregiver to your mother. I m a caregiver too but I am more fortunate than you as my boss allows me to WFH. But I m wanting for my golden handshake 🙏🙏🙏[Bless][Bless][Bless]. It never come. [Cry]. After 1.5 years waiting or much longer, I gave up waiting for [USD]//@ELI_59:I don’t know about my pay rise as i have retired voluntarily to look after my mum full time. What the govt is giving us, is to ease our burden a bit at least for 3 to 6 months. Looking forward to this July to Dec for this exciting payout
avatarECLC
02-22
Best part depends on what best suits individual situation and lifestyle. Think CDC vouchers most frequently enjoyed to relieve cost of living concerns.
avatarMHh
02-22
This wage adjustment plan only benefits the low wage workers directly. However, even with the government’s funding, I think this will still fuel inflation. Government’s funding comes from taxes. I hope my income tax won’t increase. Budget 2025 generally aims to increase birth rates, help the economy remain relevant by helping relevant sectors, stimulates the economy by putting money in our pockets to spend. It is good that we get money from the government to boost the economy but in Singapore, there is saying that when the government gives a drum stic, it will get back a whole chicken from you. I hope I won’t be paying back with a chicken with higher taxes or greater inflation. As with most skeptic Singaporeans, budget is more generous because election is coming. We need to see what polici
yes with inflation too
avatartse3721
02-21
avatarELI_59
02-21
I don’t know about my pay rise as i have retired voluntarily to look after my mum full time. What the govt is giving us, is to ease our burden a bit at least for 3 to 6 months. Looking forward to this July to Dec for this exciting payout
avatarWanEH
02-21
Singaporean will be benefited under this wage adjustment plan. Singapore government is good.
avatar1PC
02-21
it's a Great effort from the government to layout support measures but I don't see this applicable to me [Cry]. Stagnant salaries for years [Cry] [Cry] [Cry]. Hence, don't depend on the employer 😉 Depend on myself Instead 💪 Stock Markets. I really like the CDC vouchers [Grin] [Love you]. At least this is from 'Ah Gong " [Happy] Thank you 😁
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