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Parliament passes record $143 billion budget to tackle economic challenges; Singapore processes Indonesia extradition request for Tannos: Singapore live news
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Yahoo News SingaporeUpdated Tue, 11 March 2025 at 3:25 PM SGT
Parliament has passed the largest budget in Singapore's history, a $143 billion plan for 2025, marking the final budget of the current government’s term, and focusing on post-pandemic recovery, sustainable growth, and strategic reforms. (Photo: ROSLAN RAHMAN/AFP via Getty Images) (ROSLAN RAHMAN via Getty Images)More
Hello to all our readers, Yahoo Singapore will be bringing you live news updates today. The editorial team will be curating the latest must-know local and international news.
First off, Singapore passed an historic $143 billion Budget for 2025 on Monday (10 March), the largest in the country’s history. This budget is the final one of the current government term and focuses on sustaining post-pandemic recovery while preparing for long-term growth. The plan includes investments in housing, sustainability, and workforce transformation, positioning Singapore for continued success globally. Minister Indranee Rajah emphasised the nation’s prudent fiscal approach, which allowed it to respond swiftly to global crises without accumulating significant debt. Prime Minister Lawrence Wongconfirmed that the policies set forth in Budget 2025will build a stronger, more resilient society for Singapore’s future. Read more about Budget 2025 here.