Budget 2024: Full speech by Minister Lawrence Wong

S$1.9 billion in support for Singaporean households to cope with the rising cost of living and S$4,000 top-up to SkillsFuture Credits for Singaporeans above 40 to encourage the upgrading of skills for mid-career workers. These were some of the announcements made in Budget 2024 by Deputy Prime Minister and Finance Minister Lawrence Wong in parliament on Friday (Feb 16). Many of these measures built on the roadmap from Forward Singapore, a nationwide engagement exercise that sought views from Singaporeans on the country's next stage of development. Mr Wong also announced a new refundable tax credit to attract high-quality investments to Singapore, as well as a new S$5 billion Future Energy Fund. There will be a new financial support scheme in the works for retrenched workers as well. READ: cna.asia/4bIjvGg More details on #Budget2024 here: cna.asia/budget2024 00:00 Economic performance and outlook 05:59 Payouts for Singaporean households 10:22 Support for businesses 28:24 S$4,000 SkillsFuture top-up for mid-career Singaporeans 35:49 Support scheme for retrenched workers 38:21 Support for lower-wage workers 42:44 ITE Progression Award and ComLink+ Progress Packages 48:32 Support for families, including making preschools more affordable 53:34 Support for seniors, including changes to CPF system 59:51 Support for healthcare costs, including one-time MediSave bonus 1:07:34 S$200 LifeSG credits for NSmen 1:13:52 Support for charities, arts and sports 1:20:36 Changes to tax systems, including personal income tax and property tax 1:30:58 Fiscal outlook and fiscal position for FY2023 and FY2024 Subscribe to our channel here: cna.asia/youtubesub Subscribe to our news service for must-read stories: Telegram - cna.asia/telegram WhatsApp - cna.asia/whatsapp Follow us: CNA: cna.asia/ CNA Lifestyle: www.cnalifestyle.com/ Facebook: www.facebook.com/channelnewsasia Instagram: www.instagram.com/channelnewsasia Twitter: www.twitter.com/channelnewsasia TikTok: www.tiktok.com/@channelnewsasia