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Government's operating revenue down S$12.6b in H1

About half the difference came from lower corporate income tax collections resulting from Budget measures

Janice Heng

Janice Heng

Published Wed, Oct 28, 2020 · 09:50 PM
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Singapore

THE Singapore government's operating revenue was S$12.6 billion lower in the first half of 2020 than in the year-ago period, said the half-yearly Macroeconomic Review of the Monetary Authority of Singapore (MAS) on Wednesday.

About half of this difference was due to lower corporate income tax collections, resulting from Budget measures to aid firms with cashflow.

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