Moving Forward In A New EraKey Budget Measures and Updates That Businesses Need to Know
Mr. Lawrence Wong, Minister of Finance, unveiled the Singapore Budget 2023 in Parliament on Tuesday, February 14, 2023. This year’s budget theme, "Moving Forward In A New Era," outlines how Singapore will navigate new challenges in a world emerging from the pandemic amidst high inflation and a GST increase. In this time of economic uncertainty, Singapore must maintain financial prudence while supporting Singaporeans.
The budget proposals centered on five key sub-themes as support measures for Singaporeans, growing our economy and equipping our workers, strengthening our social compact, building a resilient nation, and lastly, a competitive, resilient, and fair tax system.
This interactive guide focuses more on updates, enhancements, and new schemes introduced during the budget. This guide will also help you navigate through some of the most relevant initiatives, how you can go about applying, and where you can find more information.
Key Budget 2023 Highlights for Businesses