21 Feb '17, 12am

Here's a snapshot of Singapore's budget - and growth challenge - in 5 charts

Singapore’s Finance Minister Heng Swee Keat outlined plans in his budget on Monday to sustain growth above 2 percent in the face of global trade risks and an aging workforce. Here’s a snapshot of the budget in five charts: Revenue Outlook The government announced a mix of tax measures that will affect its revenue going forward. It expanded corporate tax rebates to help spur business investment and will give personal-income tax rebates. A carbon tax on emission of greenhouse gases will be imposed from 2019. Revenue will increase to S$69.5 billion in the next fiscal year beginning April 1 from S$68.7 billion in the current year. Spending Plans The government will bring forward S$700 million of spending on public-sector projects in the next two fiscal years and increase allocations on research and productivity funds. Annual healthcare spending more than doubled to about S$10 ...

Full article: https://www.bloomberg.com/news/articles/2017-02-20/singap...

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