Budget 2024, as spoken by Nominated Member of Parliament (NMP) and SBF Council member Neil Parekh, supports businesses by managing rising costs, offering tax rebates, and enhancing financing schemes. It aims to boost productivity through skills enhancement programmes and research and development (R&D) investments, positioning Singapore as a global hub for innovation and technology. Measures like the SkillsFuture Level Up Programme and enterprise support initiatives benefit small and medium-sized enterprises (SMEs), encouraging investment in productivity enhancements. The budget also addresses retirement adequacy, enhancing Central Provident Fund (CPF) payouts.

• CNA Online, 27 February