Singapore budget increases handouts in critical election year

PM Wong pledges investments in chips, green energy and aviation

20250218 LW budget

Singapore's Prime Minister and Finance Minister Lawrence Wong delivers his budget speech in parliament on Feb. 18. (Ministry of Digital Development and Information)

TSUBASA SURUGA

SINGAPORE -- Singapore on Tuesday announced its budget plan for the next fiscal year starting April, focused on bringing down living costs with generous handouts ahead of a critical election, while boosting investments in infrastructure such as green energy and aviation.

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