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DPM Wong: Budget 2024 maintains Singapore's ethos of balancing handouts and giving people a leg-up

DPM Wong: Budget 2024 maintains Singapore's ethos of balancing handouts and giving people a leg-up
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Having the resources for a strong economy and society 'not a fairy tale', requires prudence: Lawrence Wong

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.

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Singapore does not need further GST increases up to 2030 as 'we're in a sound position': DPM Wong

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...

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Retail investor allotment for Singapore Treasury Bills (T-bills) increased to 46% in 2024: DPM Lawrence Wong

What are the current interest rates of fixed deposits and yields of current T-bill auctions? Find out.

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Closure of CPF Special Account not aimed at 'saving interest monies' for govt: Tan See Leng

SINGAPORE — The closure of the Central Provident Fund (CPF) Special Account is not aimed at helping the Government to save on higher interest it pays out to such account holders, said Minister for Manpower Tan See Leng in Parliament on Wednesday (28 Feb).

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Singapore Budget 2024 debate: MPs ask to relook CPF interest rates, housing affordability to help Singaporeans reach retirement adequacy

SINGAPORE, Feb 27 — The recent announcement to close the Central Provident Fund (CPF) Special Account of those aged 55 has put the spotlight again on retirement adequacy, with...

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Singapore opposition chief quits in wake of fake news allegations

Leong Mun Wai stepped down as chief of the Progress Singapore Party after making social media posts about public housing policies and financial aid that were challenged by the government.

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6 govt agencies to refund S$7.5 million in overcharged GST with 5.5% interest

The government agencies charged GST on fees that should not incur GST.

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MPs cautious about handouts, keen on worker support on first day of Budget debate

MPs cautious about handouts, keen on worker support on first day of Budget debate
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Measures to support workers, cost-of-living 'handouts' among top issues raised by MPs in Budget 2024 debate

The government's 'handouts' to address cost-of-living worries featured prominently during the first day of the Budget debate on Monday (Feb 26). Several MPs also raised concerns about the adjustments to the Central Provident Fund (CPF) system, and offered suggestions to the measures to support Singaporeans in the various stages of their career. In all, more than 20 office holders, including...

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