Singapore's economy grew by 4.0 per cent in 2024, exceeding expectations, according to Prime Minister Lawrence Wong.

Most workers in Singapore have also received wage increases that outpace inflation, “making them better off in real terms”, said the prime minister in his New Year message.

SINGAPORE (The Straits Times/ANN): The 2025 Budget statement will be delivered in Parliament on Feb 18 by Prime Minister Lawrence Wong. There will be live television and radio coverage of the Budget statement. A link to a live webcast of the delivery will be available on the Singapore Budget website.

Singapore Prime Minister Lawrence Wong said the next steps to renew the social compact and refresh the Singapore Dream will be set out in next year's Budget. In his New Year message, Mr Wong said the economy grew by 4%,