Singapore, 16 February 2023 – Singaporeans may be forgiven in hoping for some additional love from the Government considering that the Budget announcement falls on Valentine’s Day. Especially since we have been cheery beneficiaries of recent consecutive generous budgets for the past few years.
However, after coming out from the pandemic relatively unscathed and with Singapore entering into its third budget of its five-year fiscal term, it is clear that there is a need for a “balanced budget” to account for a 1.4 percent deficit accumulated in the first two years, whilst wrestling simultaneously with various pressing issues of today and tomorrow.
Download the full Singapore Budget 2023 Commentary.
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Edwin Leow Director, Head of Tax edwinleow@sg.cla-ts.com |
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Shaun Zheng Director, Asset Management and Private Wealth Services Tax Lead shaunzheng@sg.cla-ts.com |
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Koy Su Hiang Associate Director, Business & International Tax Lead koysuhiang@sg.cla-ts.com |
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Jennifer Lee Associate Director, GST Tax Lead jenniferlee@sg.cla-ts.com |
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John Chua Manager, M&A Tax Lead johnchua@sg.cla-ts.com |
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Grace Lui Director, Valuation & Transaction Services gracelui@sg.cla-ts.com |
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Karen Lau Associate Director, Valuation & Transaction Services karenlau@sg.cla-ts.com |
