Press Releases

MOF Invites Views and Suggestions for Budget 2025

Topics

Budget

2 December 2024

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The Ministry of Finance (MOF) invites Singaporeans to share their views for the upcoming Budget 2025, which is scheduled to be presented in February 2025. Individuals, organisations, and businesses can do so from 2 December 2024 to 12 January 2025.

2 Singaporeans can provide their suggestions for Budget 2025 through several channels over the next six weeks, on themes such as SG60: Building our Singapore Together, developing a more vibrant business ecosystem, providing opportunities for skills upgrading and jobs for workers, and supporting Singaporeans across different life stages. The feedback channels are provided in the table below, and the topics can be found in Annex A.

Table caption

Feedback Channel	URL
Singapore Budget Website	www.singaporebudget.gov.sg (opens in new tab)
REACH Budget 2025 Microsite	go.gov.sg/budget2025 (opens in new tab)
REACH Singapore Facebook	www.facebook.com/REACHSingapore (opens in new tab)
REACH Singapore Instagram	www.instagram.com/reachsg (opens in new tab)
PA Ask Kopi Kakis #shareyourviews Webpage	go.gov.sg/akksyvb25 (opens in new tab)

3 REACH will be conducting a physical Listening Point on 9 January 2025*, between 11.30am to 2pm at One Raffles Place, to gather public feedback. The People’s Association (PA) and its grassroots organisations will also reach out to Singaporeans via digital Ask Kopi Kakis #shareyourviews engagement platforms and physical touchpoints at the heartlands to seek their views and suggestions for Budget 2025. Details of the REACH Budget engagements can be found on the REACH Budget 2025 microsite, while details of the Ask Kopi Kakis #shareyourviews engagement can be found on the PA webpage listed above.

(*Afternote: The REACH physical Listening Point has been shifted to 16 January 2025, between 11.30am to 2pm at One Raffles Place.)

Issued by:

Ministry of Finance, REACH, and People’s Association

ANNEX A: Themes & Questions

SG60: Building Our Singapore Together SG60 is an opportunity for all of us to reflect on our shared values, who we are as Singaporeans, and what we stand for. Building on the Forward Singapore exercise, it is also a time for all of us to renew our commitment to build a better and brighter shared future for all. 1. How can we strengthen our collective Singaporean identity, and better cultivate unity across Singaporeans from different backgrounds? 2. How can we enhance our living environment to ensure that Singapore remains a home where we can live, work, and play in harmony? 3. How can we encourage a more caring and generous society and develop the conditions for Singaporeans to support one another?
Developing a More Vibrant Business Ecosystem We must build on our position of strength and boost economic growth, to create good jobs to meet our needs and aspirations. As a land-scarce and resource-constrained country, we must stay ahead by being more productive and innovative. 1. How can we facilitate business creation and innovation, to cultivate new engines of growth? 2. How can we help businesses to grow more quickly, and to better access financing and new markets? 3. How can we empower businesses to invest in digitalisation, transformation and workforce training? 4. What are the most pressing and immediate concerns that businesses have as they plan for the future?
Providing Opportunities for Skills Upgrading and Jobs for Workers Singaporean workers today are skilled and proficient. Amidst technological advancement and disruption, we want to ensure that our people can continue to seize opportunities and create value. 1. What can we do to encourage continuous learning amongst Singaporeans? 2. How can we prepare our students and workers to secure good jobs and grow amidst a more uncertain global economy? 3. How can we strengthen support for vulnerable segments of our workforce and enable them to share more of our economic growth? 4. What are workers most worried about in the immediate term and how can we address these anxieties, so that we have more confidence to seize future opportunities?
Supporting Singaporeans Across Different Life Stages We want Singapore to remain a home for all generations of Singaporeans. As we refresh our social compact, we want to ensure that Singaporeans feel supported in every stage of their lives. 1. How can we build a more family-friendly Singapore, and support parents through every stage of their parenthood journey? 2. How can we support our seniors to achieve their dreams of living well in their homes and community? 3. What can we do more of as a society, to empower those with disabilities? 4. How can we better support caregivers?

SG60: Building Our Singapore Together

SG60 is an opportunity for all of us to reflect on our shared values, who we are as Singaporeans, and what we stand for. Building on the Forward Singapore exercise, it is also a time for all of us to renew our commitment to build a better and brighter shared future for all.

1. How can we strengthen our collective Singaporean identity, and better cultivate unity across Singaporeans from different backgrounds?

2. How can we enhance our living environment to ensure that Singapore remains a home where we can live, work, and play in harmony?

3. How can we encourage a more caring and generous society and develop the conditions for Singaporeans to support one another?

Developing a More Vibrant Business Ecosystem

We must build on our position of strength and boost economic growth, to create good jobs to meet our needs and aspirations. As a land-scarce and resource-constrained country, we must stay ahead by being more productive and innovative.

1. How can we facilitate business creation and innovation, to cultivate new engines of growth?

2. How can we help businesses to grow more quickly, and to better access financing and new markets?

3. How can we empower businesses to invest in digitalisation, transformation and workforce training?

4. What are the most pressing and immediate concerns that businesses have as they plan for the future?

Providing Opportunities for Skills Upgrading and Jobs for Workers

Singaporean workers today are skilled and proficient. Amidst technological advancement and disruption, we want to ensure that our people can continue to seize opportunities and create value.

1. What can we do to encourage continuous learning amongst Singaporeans?

2. How can we prepare our students and workers to secure good jobs and grow amidst a more uncertain global economy?

3. How can we strengthen support for vulnerable segments of our workforce and enable them to share more of our economic growth?

4. What are workers most worried about in the immediate term and how can we address these anxieties, so that we have more confidence to seize future opportunities?

Supporting Singaporeans Across Different Life Stages

We want Singapore to remain a home for all generations of Singaporeans. As we refresh our social compact, we want to ensure that Singaporeans feel supported in every stage of their lives.

1. How can we build a more family-friendly Singapore, and support parents through every stage of their parenthood journey?

2. How can we support our seniors to achieve their dreams of living well in their homes and community?

3. What can we do more of as a society, to empower those with disabilities?

4. How can we better support caregivers?