Budget 2023 : Propelling Singapore forward with poise and confidence

COMING off the pandemic, the government is faced with the imperatives of managing inflationary pressures, mitigating societal challenges and maintaining Singapore’s competitiveness in the global arena.

Looming in the background is the expectation that constitutionally, the government is expected to keep a balanced budget during its term. With the next general election to be held by 2025, cautious calibration is needed.

Deputy Prime Minister and Finance Minister Lawrence Wong was swift in delivering the carefully laid out plans centred around moving Singapore forward.