Singapore Budget 2020

The Ministry of Finance (MOF) said that the Deputy Prime Minister and Finance Minister Heng Swee Keat would deliver Singapore’s 2020 Budget Statement in Parliament on 18 February 2020 at 3 pm. The MOF together with government feedback portal Reach and the People’s...

A Leg-Up for Businesses – Budget 2020

On or about 7 February 2020, the Second Minister for Finance and Education Indranee Rajah said in a radio interview that Budget 2020 will be “comprehensive”, with “assurance and support” to those families and households affected by the novel coronavirus outbreak. Ms...

GST hike in Singapore

The Government had announced during Budget 2018 that it plans to raise the GST from 7% to 9%, sometime between 2021 and 2025, while Singapore faced growing expenditures in healthcare, security and other forms of social spending. This is expected to raise additional...