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There will be no further increases in the Goods and Services Tax (GST) up to year 2030, said Deputy Prime Minister Lawrence Wong in Parliament today (Feb 28) as he wrapped up the debate on his Budget statement. He was responding to a query by Progress Singapore Party (PSP) Non-Constituency MP Hazel Poa, who asked if there would be a...
He said Singapore is in a "sound position on income" until 2030.
He said the two percentage point hike was meant to close the gap between revenue and expenditure until 2030. Read more at straitstimes.com.
Singapore News - There will be no need for further increases in goods and services tax up to 2030, said Deputy Prime Minister Lawrence Wong on Feb 28. Wrapping up the debate on his Budget statement in Parliament, he said: “As of now up to 2030, we are in a sound position.” He... Read more at www.tnp.sg
Singapore must maintain its commitment to set aside enough not just for the current generation, but also for the future, said the Deputy Prime Minister in his closing speech for the debate on the 2024 Budget.