Annual spending plan must keep sights on long-term issues such as climate change
Add BT as a preferred source
Sharon See
DeeperDive is a beta AI feature. Refer to full articles for the facts.
SINGAPORE’S businesses and households may all be hoping for some near-term relief in Budget 2024; but the government’s annual spending plan should also address longer-term threats such as climate change, competition for foreign investment, and social inequality.
This could involve reassessing policies from earlier Budgets, such as planned carbon tax increases.
Climate change is an existential issue for Singapore. Last week, the Centre for Climate Research Singapore said that the mean daily temperature in the city-state could rise 5 degrees Celsius by the end of this century, if greenhouse gas emissions are not sufficiently mitigated.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘We’ve seen the worst-case scenario’: How Indonesia’s Cinema XXI navigated crisis and change
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
S-E Asia tourism takes hit from Middle East crisis, but intra-regional travel could spell hope
Auditors flag uncertainty on Katrina Group’s ability to continue as a going concern
