“A Budget for all Singaporeans” – that was how Prime Minister Lawrence Wong described Budget 2025, which was announced on 18 Feb 2025.  This year’s budget comes at a crucial time, against the backdrop of global uncertainties and domestic challenges. Globally, the ongoing US-China trade war and intensifying tech competition are reshaping global supply chains, creating economic uncertainty for open economies like Singapore. Domestically, rising living costs remain a concern, and the government has rolled out targeted support to help individuals and families manage daily expenses. This budget is also particularly significant—it coincides with Singapore’s 60th year of independence, PM Lawrence Wong’s first budget as Prime Minister, and comes in an election year. There’s a strong emphasis on short-term relief while striking a balance with long-term financial security and economic resilience. From cash vouchers to CPF changes, upskilling programs, and investment incentives, here are five key takeaways that can...