The Ministry of Finance (MOF) has officially announced the delivery date for Singapore’s highly anticipated Fiscal Year 2025 (FY2025) Budget Statement.
Prime Minister and Minister for Finance, Mr. Lawrence Wong, will present the FY2025 Budget Statement to Parliament on Tuesday, 18 February 2025. This statement outlines the government’s fiscal roadmap, revenue policies (including GST, Income Tax), expenditure plans, and economic strategy for the coming financial year.
Key Details for Stakeholders:
- Delivery: By Mr. Lawrence Wong, Prime Minister and Minister for Finance.
- Date: Tuesday, 18 February 2025.
- Venue: Parliament of Singapore.
Accessing the Budget Statement:
- Live Coverage: The delivery of the Budget Statement will receive live television and radio broadcast coverage.
- Webcast: A simultaneous live webcast will be accessible via the official Singapore Budget website (www.singaporebudget.gov.sg).
- Official Documentation: The full text of the Budget Statement, along with supporting documents, will be published on the Singapore Budget website immediately following its delivery in Parliament.
This announcement is particularly significant for professionals in accounting, tax advisory (GST, Income Tax, International Tax/Treaties), corporate finance, and economic analysis, as the Budget Statement sets the annual tax policy framework and fiscal priorities impacting businesses and individuals.
Source: MOF, 27 December 2024.