Budget 2024: "Small surplus" of $800 million expected for FY2024

Just implementing the Forward Singapore recommendations will cost the government $5 billion in 2024 alone. By the end of the decade, close to $40 billion would have been spent to strengthen social safety nets for Singaporeans. It's why authorities are making several tax changes to balance its fiscal position while tackling pressing issues like the rising cost of living. Deputy Prime Minister and Finance Minister Lawrence Wong said Singapore's medium-term fiscal position remains tight. The 2024 Budget is expected to generate a "small surplus" of $800 million. Subscribe to our channel here: https://cna.asia/youtubesub Subscribe to our news service for must-read stories: Telegram - https://cna.asia/telegram WhatsApp - https://cna.asia/whatsapp Follow us: CNA: https://cna.asia CNA Lifestyle: http://www.cnalifestyle.com Facebook: https://www.facebook.com/channelnewsasia Instagram: https://www.instagram.com/channelnewsasia Twitter: https://www.twitter.com/channelnewsasia TikTok: https://www.tiktok.com/@channelnewsasia