SG Budget 2025: Is A Pay Raise Really Coming?

Tiger_SG
2025-02-21
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This week, Singapore announced its 2025 fiscal budget. The budget covers various aspects, including living subsidies (S$800 CDC Vouchers), childbirth incentives (S$5,000 bonus for each third child), reduced tuition fees, employment and job support, business subsidies, transportation, and housing.

One of the most relevant topics for workers is salary increases. The planned wage adjustments will take effect in 2025, with higher increments over the next two years.

In recent years, Singaporeans have struggled with inflation. Although inflation has fallen to 1.6%, the cost of living remains high without wage growth.

So, is a pay raise really coming?

The new budget aims to increase wages for low-income workers while helping employers manage labor costs. To achieve this, the government will enhance the Progressive Wage Credit Scheme (PWCS) by raising subsidies for wage increases.

  • In 2025, the government will increase its co-funding for wage increments from 30% to 40%.

  • In 2026, the subsidy will rise from 15% to 20%.

According to Singapore's 2024 median salary data across different age groups and education levels, the median wage stands at around SGD 5,000.

While the government has introduced these support measures, actual salary increases will still depend on the economy and individual company performance.

  • Do you think you will benefit from this wage adjustment plan?

  • How do you view the Budget 2025?

  • Which part is the best or the worst?

  • Share your thoughts in the comment section and win tiger coins~

SG Budget 2025: Which Part is The Best?
This week, Singapore announced its 2025 fiscal budget. The budget covers various aspects, including living subsidies (S$800 CDC Vouchers), childbirth incentives (S$5,000 bonus for each third child), reduced tuition fees, employment and job support, business subsidies, transportation, and housing. One of the most relevant topics for workers is salary increases. The planned wage adjustments will take effect in 2025, with higher increments over the next two years. Do you think you will benefit from this wage adjustment plan? How do you view the Budget 2025? Which part is the best or the worst?
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Comments

  • Aqa
    2025-02-23
    Aqa
    The SG Budget 2025 gives every Singaporean household S$800 in CDC vouchers. The budget tried to adress the Inflation which is the biggest worry all of us have. The government has given us some short term goodies with hope that it may help them win the coming election. The long term horizon action items would be painful so it is not announced this round. $800 in CDC vouchers for use in limited places actually benefit some type of chosen vendors. Others such as income tax rebate comes with conditions / cap at $200 actually make us more sad than happy. The worst part of this budget is that majority of us get no real ‘relieve’ or ‘real’ help from the government. The wage adjustment plan benefits very small number of citizens. Thanks @Tiger_SG Come! @icycrystal @Blinkfans @1PC @rL @TigerGPT
    • TigerAI: 

      Based on the news articles related to the Singapore Budget 2025, there is no specific news article directly addressing the wage adjustment plan and the overall impact on individuals. However, I can provide you with some insights based on the information available.

      The Singapore Budget 2025 includes various measures to address the concerns of inflation and provide support to households. The S$800 CDC vouchers are aimed at easing the financial burden for Singaporean households, and the childbirth incentives and reduced tuition fees are additional benefits provided to citizens.

      Regarding the wage adjustment plan, the government is enhancing the Progressive Wage Credit Scheme (PWCS) to support wage increases for low-income workers. The co-funding for wage increments will be increased from 30% to 40% in 2025 and from 15% to 20% in 2026. However, it's important to note that actual salary increases will still depend on the economy and individual company performance.

      In terms of the best and worst parts of the budget, it is subjective and may vary based on individual perspectives. Some people may appreciate the measures taken to address inflation and provide financial support, while others may feel that the benefits are not sufficient or do not directly address their specific needs.

      Without further information, it is difficult to determine if you will directly benefit from the wage adjustment plan. It would be best to stay updated on any developments and changes in your specific industry and company.

      Please note that the information provided is for reference purposes only and should not be considered as financial or investment advice. It is always recommended to consult with a professional financial advisor or conduct thorough research before making any financial decisions.

  • Shyon
    2025-02-21
    Shyon
    Budget 2025 takes positive steps to support workers, especially low-income earners, through wage subsidies. The enhanced PWCS helps companies raise salaries with government co-funding, but its impact on my own salary remains uncertain. Wage growth still depends on my company’s performance & industry trends.

    I appreciate the cost-of-living support, like the CDC Vouchers and reduced tuition fees, which help ease financial pressure. Childbirth incentives also benefit families, but these measures may be short-lived if inflation rises. More long-term solutions, such as housing affordability & sustainable wage growth, would have a greater impact.

    Overall, while the budget provides relief for specific groups, middle-income workers may not see much direct benefit. Businesses need stronger incentives beyond subsidies to ensure sustainable wage growth. Its success will depend on how well these policies are implemented.
    @Tiger_SG @TigerStars @Tiger_comments @TigerGPT

    • TigerAI: 

      The 2025 Singapore fiscal budget includes measures to support workers, particularly low-income earners, through wage subsidies. The government will enhance the Progressive Wage Credit Scheme (PWCS), increasing co-funding for wage increments from 30% to 40% in 2025 and from 15% to 20% in 2026. This aims to raise salaries and provide financial relief to individuals. However, the actual impact on individual salaries remains uncertain as wage growth depends on company performance and industry trends.

      The budget also addresses cost-of-living concerns by implementing measures such as CDC Vouchers and reduced tuition fees. These initiatives aim to alleviate financial pressure and support individuals and families. Additionally, childbirth incentives provide benefits to families. However, it is important to note that these measures may be short-lived if inflation rises.

      While the budget provides relief for specific groups, middle-income workers may not see significant direct benefits. To ensure sustainable wage growth, businesses need stronger incentives beyond subsidies. Long-term solutions such as housing affordability and sustainable wage growth would have a greater impact.

      The success of these policies will depend on how well they are implemented and their effectiveness in addressing the needs of workers. It is crucial to monitor the progress and outcomes of these measures over time.

      For more information on the 2025 Singapore budget and its impact on wage growth, you can refer to the following news articles:

      SG Budget 2025: Is A Pay Raise Really Coming?  

      Budget 2025: 5 graphs you need to see - petir.sg  

      Budget 2025: Winners and Losers | Singapore Business Review  

      Budget 2025: Putting steel behind Forward SG’s ‘leave no one behind ...  

      Please note that the information provided is for reference purposes only and does not constitute investment advice.

    • Shyon: 
      Come and join yo @koolgal @rL @icycrystal @b1uesky @ELI_59 @1PC @Barcode @nomadic_m @GoodLife99 @Fenger1188
  • DiAngel
    2025-02-22
    DiAngel
    I like the cash bit [Chuckle]but I m not entitled to it due to the criteria. [LOL][Happy]


    I hate CDC vouchers especially supermarket as I don’t think they will bring back $5 denomination. I m being force to buy at least $10 or keep it for a raining day. [Anger]


    Gone are the days where I will check what are my entitlements. Now I just have to check my bank account or CPF to determine what I will get when everyone is talking about it.


    I just hope that Gov will not remove 2.5xdonation for income tax. I m relying heavily for bringing down my income tax. [Bless][Bless][Bless]🙏🙏🙏


    I think I will continue to get salary increment. The bottom line is what %. 🧐🤨[Thinking]
  • 1PC
    2025-02-21
    1PC
    it's a Great effort from the government to layout support measures but I don't see this applicable to me [Cry]. Stagnant salaries for years [Cry] [Cry] [Cry]. Hence, don't depend on the employer 😉 Depend on myself Instead 💪 Stock Markets. I really like the CDC vouchers [Grin] [Love you]. At least this is from 'Ah Gong " [Happy] Thank you 😁
    • 1PCReplyDiAngel: 
      ✋✋🥂🥳
    • DiAngel: 
      [Comfort][Comfort][Comfort]my salary was stagnant for a few years as that period manager “hates” me. [Chuckle][LOL][Happy][Smile][Grin]. But I have the last laugh. 😂🤭
  • MHh
    2025-02-22
    MHh
    这项工资调整计划只直接惠及低薪工人。然而，即使有政府的资助，我认为这仍然会助长通货膨胀。政府的资金来自税收。我希望我的所得税不会增加。2025年预算的总体目标是提高出生率，通过帮助相关部门来帮助经济保持相关性，通过把钱放进我们的口袋来刺激经济。我们从政府那里得到钱来提振经济是件好事，但在新加坡，有一种说法是，当政府给一个鼓棒时，它会从你那里拿回一整只鸡。我希望我不会用一只税收更高或通货膨胀更大的鸡来偿还。与大多数持怀疑态度的新加坡人一样，预算更加慷慨，因为选举即将到来。我们需要看看选举后会有什么政策..
    @Universe宇宙 @Kaixiang @Wayneqq @Success88 @SPOT_ON @HelenJanet @Fenger1188 @DiAngel @rL 如何加入
    • DiAngel: 
      没有什么新的..现在给你一个鸡翅🍗，但会从你那里拿回一整只鸡🐔。
  • ELI_59
    2025-02-22
    ELI_59
    I don’t know about my pay rise as i have retired voluntarily to look after my mum full time. What the govt is giving us, is to ease our burden a bit at least for 3 to 6 months. Looking forward to this July to Dec for this exciting payout
    • DiAngelReplyELI_59: 
      I m not entitled to lot of benefits. So is my mother under my residential address. Sometimes how I wish that I can change her address to my siblings so that she can enjoy more benefits. 🤭🤐.
    • ELI_59: 
      Thank you for your kind words. I wish for your golden handshake soon. You too are not having it easy, having to juggle work and caregiving.
      Do you know you can apply for Home Caregiving Grant? I just found out this month. Good luck 🙏🙏🙏
    • DiAngel: 
      Salute you for being a caregiver to your mother. I m a caregiver too but I am more fortunate than you as my boss allows me to WFH. But I m wanting for my golden handshake 🙏🙏🙏[Bless][Bless][Bless]. It never come. [Cry]. After 1.5 years waiting or much longer, I gave up waiting for [USD]
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