Economists Laud Budget 2024 as Forward-Thinking but Flag Fiscal Sustainability Worries over Cash Handouts

Economists praised Budget 2024 as forward-looking and taking care of immediate needs, but some raised concerns about sustainability of cash handouts
Questions raised about effectiveness of existing support packages and lack of information about fiscal strength
Singapore has managed to fund expenditures well through endowment funds, but more transparency needed
Social spending on eldercare and climate change may require substantial savings in coming years
Lifelong learning initiatives welcomed given expected impact of AI, but institutions must also encourage participation