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SINGAPORE BUDGET 2023
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A ‘People’s Budget’ that will almost certainly be expansionary

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    • Finance Minister Lawrence Wong’s first Budget as Singapore’s presumptive leader in the coming decade will be closely watched for insights as to how the 4G leaders will rally the people and the corporate sector towards new definitions of success.
    • Finance Minister Lawrence Wong’s first Budget as Singapore’s presumptive leader in the coming decade will be closely watched for insights as to how the 4G leaders will rally the people and the corporate sector towards new definitions of success. PHOTO: THE BUSINESS TIMES

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    Eugene K B Tan

    Published Sun, Feb 12, 2023 · 04:00 PM

    THERE were two developments last week that will shape Deputy Prime Minister and Finance Minister Lawrence Wong’s Budget Statement to be delivered on Tuesday (Feb 14).

    First, with Singapore adjusting the Disease Outbreak Response System Condition level from yellow to green from Monday (Feb 13), we can expect pandemic-related fiscal expenditures to be reduced significantly in the upcoming financial year 2023-2024.

    With Singapore treating Covid-19 as an endemic disease, we can expect a significant reduction in the budgetary outlay to aid segments of the economy impacted by the pandemic.

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