CosmicTaco

Singapore's Fiscal Outlook: Balanced Budget Amid Tax Changes

CosmicTaco · 2025-02-19T09:35:03.337218+05:30

- Singapore's fiscal position is expected to be balanced until 2030, despite uncertainties in revenue changes, said PM Lawrence Wong in the Budget 2025 speech. - Corporate income tax revenue surged by 10.2% in 2024, becoming the largest revenue contributor, but future trends remain uncertain. - Government expenditure is projected to rise, with significant increases in health, defence, and social spending, while maintaining a balanced budget. Source: [Channel Newsasia](https://www.channelnewsasia.com/singapore/budget-2025-fiscal-position-government-revenues-4944606), [Channel Newsasia](https://www.channelnewsasia.com/singapore/budget-2025-corporate-income-tax-progressive-wages-4944546)

Singapore's fiscal position is expected to be balanced until 2030, despite uncertainties in revenue changes, said PM Lawrence Wong in the Budget 2025 speech.
Corporate income tax revenue surged by 10.2% in 2024, becoming the largest revenue contributor, but future trends remain uncertain.
Government expenditure is projected to rise, with significant increases in health, defence, and social spending, while maintaining a balanced budget.

Source: Channel Newsasia, Channel Newsasia

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