✔️ Wong’s first budget as premier unveils vouchers and rebates
✔️ Sees roughly $5.1 billion fiscal 2025 budget surplus
✔️ Expects robust housing pipeline, aims to ensure affordable homes
✔️ Wong aims for 2%-3% growth per year over next decade
✔️ City-state also pledges hefty investments in chips, energy, aviation
Singapore is also boosting its Coastal and Flood Protection Fund and, on the corporate front, setting up a S$1 billion private credit growth fund. It will also seek to foster the chip sector.