Analysts from DBS Group Research, RHB Singapore, CGS International and UOB Kay Hian (UOBKH) note that these handouts will not only defray rising costs but also enhance the spending power of the average Singaporean.
The Budget 2025 speech for Singapore brought joy to many as Singaporeans are set to receive various kinds of vouchers as part of the government’s comprehensive support plan to help people cope with rising costs of living.
As listed by Prime Minister Lawrence Wong in his Budget speech on Feb 18, the vouchers and other handouts included $800 in Community Development Council (CDC) vouchers, SG60 vouchers of between $600 and $800, along with U-Save rebates, Climate Vouchers and Life SG credits of varying amounts.
