With cost of living ranked as the top concern among Singaporeans, Wong pledged to boost safety nets and a program to re-skill workers as part of a strategy to lift incomes and address wealth inequality. That is especially crucial to win over voters ahead of a general election, which must be held before November 2025.
Prime Minister Lawrence Wong pledged to “redouble efforts” to combat high living costs, including by strengthening social safety nets for the most vulnerable citizens.
“We recognise how rising prices are impacting Singaporeans,” he said on Aug 8 in his first National Day message since taking over from former PM Lee Hsien Loong in May. While Singapore cannot control global prices, “we can and we have shielded Singaporeans from the worst effects of global inflation by keeping the Singapore dollar strong”, Wong adds.
