55% of S'poreans surveyed reveal they're concerned if 2025 Budget helps manage everyday expenses

While the reception for the 2025 Budget was warmer than that for the 2024 Budget, a majority of those surveyed this year expressed concerns over the measures in helping them cope with the rising cost of living.

The finding was the result of a survey conducted by Milieu Insight with 1,002 Singaporeans.

It was to capture public sentiments about the 2025 Budget as compared to the 2024 Budget.

Prime Minister and Finance Minister Lawrence Wong delivered the 2025 Budget speech on Feb. 18, in which he announced numerous schemes and measures that Singaporeans could look forward to in the coming year.

The vibes

According to the survey, there was a slight increase in those who felt positive towards the 2025 Budget.

In 2025, 8 per cent of those surveyed felt "very positive" about the Budget, while 56 per cent felt "positive" or "somewhat positive" about it.

This is higher than the survey results from 2024, when only 4 per cent of respondents felt "very positive" about the Budget and 51 per cent felt "positive" or "somewhat positive."

In addition, only 7 per cent of those surveyed in 2025 expressed negative sentiments towards the Budget.

The survey also noted that 72 per cent found the announcement of the SG60 package impactful.

This is more than any individual measure in 2024.

Concerns remain

Asked if the Budget helps Singaporeans manage everyday expenses, in 2024, 38 per cent felt the measures were sufficient, while 62 per cent disagreed.

In 2025, sentiments improved, with 45 per cent believing the Budget provided enough support, even though 55 per cent still expressed concern.

When asked if the Budget reassured them about managing the cost of living, 35 per cent of respondents in 2024 agreed either strongly or somewhat, compared to 47 per cent in 2025.

"Singaporeans' sentiment towards the Budget has improved modestly from 2024 to 2025, with a slight increase in optimism and engagement," Milieu Insight noted.

"While cost of living concerns persist, financial aid measures like the SG60 package and Community Development Council (CDC) vouchers played a role in shaping a more positive outlook this year," the market research and data analytics company added.

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