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Budget 2025 offers welcome relief but we need to address long-term insecurities
We need to tackle root causes of cost volatility and ensure our workers are skilled enough to find well-paying jobs.
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While the immediate relief measures are both timely and essential, their role in reinforcing long-term household resilience is more nuanced, says the writer.
ST PHOTO: JASON QUAH
Selena Ling
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In a turbulent global environment, Singapore’s Budget 2025 took a decisive stance by focusing on individual financial support measures aimed at bolstering household resilience.
The fiscal package, unveiled amid concerns of unpredictable inflation trajectories due to trade tensions and geopolitical unrest, seeks to cushion households from rising living costs while laying the groundwork for long-term economic stability.
