Discover how Singapore Budget 2024 could impact your finances: Changes to CPF system and more CDC vouchers among 10 key announcements you need to know.
What happened?
Deputy Prime Minister and Finance Minister Lawrence Wong has shared that Singapore’s 2024 Budget will focus on ‘Building our Shared Future Together’.
Some of the key measures that were announced as part of Budget 2024 include support measures for households worth S$1.9 billion, Majulah Package for seniors and young seniors, as well as changes to the CPF system.
Let us take a look at some of the key announcements made today as part of his Budget 2024 speech and evaluate how they could potentially impact you.
10 ways Singapore Budget 2024 could affect you
#1 – More CDC vouchers
Who’s affected: All Singaporean households
Singaporean households will receive an additional S$600 in CDC vouchers.
The first S$300 will come in June this year, while the other S$300 will be disbursed in January 2025....