Singapore announces expanded social, corporate support in 2024

SINGAPORE’S Finance Minister Lawrence Wong says the 2024 budget will boost spending to counter inflationary pressures on households and businesses in the city-state as its economic outlook remains mixed.The prime minister-in-waiting of one of the world’s most expensive countries told parliament yesterday, he was cautiously optimistic 2024 would be a better year.

“While we expect the inflation situation to improve this year, there are uncertainties in the outlook,” he said.