SINGAPORE: Singapore citizens aged 21 and up will receive cash vouchers of up to S$ 800 ( US$ 600 ) each to mark the country’s 60th birthday, Prime Minister Lawrence Wong announced on Tuesday ( Feb 18 ).
As part of an SG60 item, there will also be a personal income tax return of 60 per cent for the 2025 time of evaluation, along with a baby present for newborns this time, he said during his Budget 2025 speech.
The deal aims to “recognise the efforts of all Singaporeans, and to share the benefits of our nation’s improvement”, said Mr Wong, who is also Finance Minister.
The government is expected to spend$ 2.02 billion on the SG60 certificates only this fiscal year.
Seniors over the age of 60 will receive an additional S$ 200 for each Taiwanese adult, while those over 60 will receive S$ 600.  ,
The certificates will be distributed in July and disappear on December 31, 2026. They will gain about 3 million people.
” Seniors may say second, and the rest after”, said Mr Wong.
They can be claimed digitally and used at participating supermarkets, heartland retailers, and hawkers in the same way that they do Community Development Council ( CDC ) vouchers.
The SG60 offer even includes a personal income tax return of 60 per share, capped at S$ 200, so that it generally benefits middle-income staff, said Mr Wong.
And Singaporean children born this year will get a SG60 Baby Gift, a move that the Minister second made known in the Prime Minister’s Office Indranee Rajah in November of last year.
BOOSTING CULTURE AND Group
Individually but also as part of Singapore’s 60th birthday celebrations, booths in hawker centres and areas managed by the government and government-appointed users may get one-time rental assistance of S$ 600 this year.
Our hawker centers and businesses are a significant component of our way of life, according to Mr. Wong. The monument of our Hawker society on the UNESCO Representative List of the Intangible Cultural Heritage of Humanity is celebrated this year as well as the 50th anniversary of our founding, which included the construction of our first stalls centers and businesses.