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Enhancing the Budget to truly support SMEs

Across the board measures leave an inequitable playing field for small businesses, who would benefit greatly from small cost advantages and tax breaks.

As an open economy with limited resources and vulnerable to global economic swings, it is timely to enhance the Budget's fiscal attractiveness to SMEs to ensure that we do not slip up on our economic restructuring measures.

IN RECENT years, the Singapore Budget has increasingly shifted its primary focus from fiscal attractiveness to social equity in view of the widening income divide. Governments around the world have been struggling to find the right solutions