Budget 2025 introduced the SG60 Package to commemorate Singapore’s 60th year of independence, offering a range of benefits for individuals, families, and businesses.

Singaporeans aged 21 and above will receive SG60 Vouchers of up to $800, while a 60% Personal Income Tax Rebate will provide additional financial relief.

Parents of babies born in 2025 can look forward to the SG60 Baby Gift, and all Singaporeans aged 18 and above will receive a $100 SG Culture Pass to support local arts and heritage.

On MONEY MATTER’s Budget 2025 Conversation, Hongbin Jeong and Chua Tian Tian speak to Terence Ho, Associate Professor at SUSS and Nicholas Fang, Director of Security and Global Affairs at Singapore Institute of International Affairs and Director of Strategic Consultancy Black Dot, to find out more.