In a Feb 13 note, Liu and Nag say they expect to see “some near-term relief measures”, like Budget 2024, though these will “remain targeted in nature”.
Prime Minister and Finance Minister Lawrence Wong will deliver Singapore’s Budget 2025 on Feb 18. As a general election must be called before November, Budget 2025 is the last budget for this term of government, which requires a balanced budget by constitution, says HSBC Global Research.
Singapore has ample fiscal room to provide more policy support to tackle rising costs of living and create jobs, say Asean economist Yun Liu and research associate Madhurima Nag.
