National Day message: PM Lawrence Wong says govt to redouble efforts to keep cost of living stable

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Published 2024-08-08
The government will redouble efforts to keep the cost of living stable for Singaporeans, said Singapore Prime Minister Lawrence Wong in his first National Day message. In a video address broadcast on Thursday (Aug 8), PM Wong said the government will continue to cushion the impact of inflation especially on lower- and middle-income Singaporeans through support measures like CDC vouchers, cash payouts and utilities rebates. He noted that many are concerned about housing affordability. "We are determined to keep public housing in Singapore accessible, affordable and fair for all," he said.

READ: cna.asia/3WFyFFO

Mr Wong also said Singapore will forge new opportunities for its people and that it will strengthen its system of social support.

"In the last two Budgets, we made several moves to uplift lower-wage workers, support vulnerable families and boost retirement adequacy. We have also embarked on nationwide initiatives like Healthier SG and Age Well SG to take better care of our seniors. We intend to do more," he said, adding that he will share more at the National Day Rally on Aug 18.

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All Comments (21)
  • @retest6658
    "Shining red dot" is the most accurate term for Singapore. As an Indonesian, I envy Singapore leadership. Its a small country, yet stable and true to its priority, which is its own people's welfare. I hope Indonesian government take example from this country. It does not need to look far.
  • @lornac9947
    Majulah Singapura🇸🇬 I love SG...clean & Green Country....I work almost 20 yrs....in 1 employer @ Bukit Panjang....
  • @SMChan3113
    Can’t blame inflation all to external factors. Why the increase of gst, property tax, carbon tax, cpf contribution, water & electricity price all during this inflationary period? All these increases business cost which translate to higher price for consumers
  • @DS91284
    Always love the Singaporean philosophy. Firm yet realistic. Filled with pragmatic and cautious optimism.
  • @jwcas318
    PM Wong, Sir! Thank you for your hard work! ❤❤❤ Please realign PAPs' values. People over profits & not the other way around. Don't sell Income. No more gerrymandering & fixing the oppo. Food prices and QUALITY are equally important. Never mess with Singaporean's Hawker culture with burdensome high rents & oppressive contracts. Consider switching HDB 99 yr lease to freehold considering the impact of the 4th industrial revolution that will impact our young people's job prospects profoundly to help lessen their burden so that many may inherit some wealth. Remove GRC so that we will get high quality MPs who has to fight for their seat by their own merit. You may pair minority race MPs for certain constituencies to ensure minority representations. This new world requires you to step up with bold policies. Don't just stick to the old playbook from your predecessors as they have lost their effectiveness. Your courage to take drastic measures is required. Let's also move towards a first world parliament & acknowledge the contributions of the opposition party members who had to face insurmountable challenges to bring important concerns across. We look forward to your strong leadership. Happy National day! Thank you & God bless Singapore! 😊😊😊
  • @garrytan9521
    When PM Wong touched on present Singapore’s economic situation and challenges, I agree with him as what really is happening and taking place not only in Singapore, but the rest of the world too. I sincerely and faithfully hope that most of our fellow Singaporeans would have trust in him and his diligent working Cabinet colleagues in administering our nation’s economy well with good returning fruits 🎉. Happy 🇸🇬 59th National and Independence Day to all fellows ❤.
  • Every year on this day on 9 August, we remembers, we will never take our current peace for granted, we as citizens of Singapore pledge ourselves as one united people - Thank you Sir and team, Majulah Singapura 🇸🇬
  • @chenyinmei6466
    Majulah Singapura..!! God bless Singapore, you..Mr. prime minister and your government !
  • @steventay5834
    Growing population High property prices High COE prices Stressful society Job insecurity High inflation
  • @leech4n598
    Happy National day singapore. Proud to be a singaporean and thank you so much for our fore fathers for building singapore into what we are today
  • @mysticery
    This feels like an apple presentation - which gets you excited. 💯💯
  • @nalanat
    Happy National Day! Thank you, PM Wong and team.
  • @sillygolly81
    Hi PM, thank you for your commitment to keep cost of living low. But my mother has a terminal blood cancer, and CPF/MOH is not allowing her to fully use her Medisave for her medical expenses, despite her being 76 and published data from NUH Cancer Centre stating average survival rate for patients over 65 with myeloma is 3 years. I tried to write to you but did not receive any reply...I hope you can look into this matter, and give every Singaporean the assurance that Medisave is something we can count on in our old age for medical expenses. Thank you so much. 🙏
  • @helmyhalim8146
    Good National Day Message...touching the cost of living...housing and jobs for all Singaporeans.Happy National Day to all.
  • @eugeneho8879
    Food and bev costs are unregulated and overpriced even at the heartland food centers..Ministers, pls have a heart and do ur jobs thoroughly and empathetically for the lower class to justify ur astronomical salaries.
  • @Sporky888
    Sir, your people with HDB can get S&CC rebates, however, your people whom does not own any HDB nor properties gets nothing…
  • @StarrySunnie
    Thank you very much, PM Wong 🙇🏻‍♀️🙇🏻‍♀️❤️❤️❤️💐💝 Majulah Singapore 👏🏾👏🏾👏🏾 This is Home 🌺🌺🌺
  • @MrSzwarz
    How small, great nation achieved such great success, economically, politically and humanely! I wish you all the best! Knowing Singapore, and Singapoureans myself, I have the very best experiences. Long live Singapore!
  • @sundark6503
    Hoping Singapore remains a tolerant and multi ethnic nation which has always defined us .. great country and wish Singapore further greatness ❤