Singapore Budget 2025: What Singaporeans really think

Ever since PM Lawrence Wong gave his speech on Budget 2025, it's been the hottest topic of the year. With the rising cost of living, many are asking: does it truly make a difference? To find out, we surveyed 1,002 Singaporeans to gauge their thoughts on the latest budget measures—what stands out, what falls short, and whether it’s enough to ease financial pressures. Here’s what they had to say.

How do Singaporeans feel about Budget 2025?

Turns out, most people are feeling pretty good about it. 56% have a positive impression, with another 8% calling it “very positive.” But not everyone is convinced—24% are neutral, and 7% lean negative.

When it comes to whether these measures will actually help with the rising cost of living, opinions are split. While 45% believe the budget has enough support, 55% think more needs to be done.

What budget measures matter the most?

Some initiatives are clearly hitting home more than others. Here’s what Singaporeans say will have the biggest impact on them:

• SG60 Packages (72%)
• CDC Vouchers (66%)
• Additional U-Save and S&CC Rebates (34%)
• SG60 ActiveSG Credit Top-Up (33%)
• Personal Income Tax Rebate (33%)

Other measures like CPF contribution increases, training allowances, and education top-ups are on the list, but didn’t get as much attention.

Are these measures enough?

Despite the positives, there’s still some skepticism. When asked if Budget 2025 makes them feel more reassured about managing living costs, only 47% said yes, while 37% were neutral and 16% disagreed.

The SkillsFuture push: Will Singaporeans upskill?

During the PM Lawrence Wong's speech, he also laid out his efforts to promote upskilling with new SkillsFuture initiatives, including a S$300/month part-time upskilling allowance under the Level-Up Programme. Despite these efforts, prior to the announcement, only 37% had used their SkillsFuture credits, while a significant 63% had yet to tap into them.

After the announcement, half of the respondents said they’d be more likely to upskill, especially in Artificial Intelligence (AI) and Cybersecurity—65% are open to learning these in-demand skills, while 9% are already on it.

Final Thoughts: A Step Forward, But More Needed?

Singapore’s Budget 2025 brings plenty of support, from rebates and vouchers to tax relief. But is it enough? While many appreciate the help, rising costs remain a concern. The real test will be how these measures play out in daily life—and whether more tweaks will be needed in the future.

For now, Singaporeans will be watching closely to see how things unfold.

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