[LIVE] Singapore Budget 2023 statement by DPM Lawrence Wong

In his Budget speech, Deputy Prime Minister and Finance Minister Lawrence Wong announced measures to address the pressing concerns of Singaporeans, such as inflation and long waiting time for flats, while strengthening social safety nets to keep the nation in sound shape over the longer term.

The tax system is also being made more progressive, with changes to the buyer’s stamp duty regime for properties and additional registration fee tiers for cars, to fund the Government’s growing expenses. Buyers of more expensive properties and higher-end cars will have to fork out relatively more.

The Budget unveiled on Tuesday also tackled several long-standing issues such as the low fertility rate and the retirement adequacy of seniors as the Government widened its support for citizens in need.

READ MORE:
7 things you need to know about Budget 2023 https://str.sg/wvGM
Help to weather inflation, more progressive property and vehicle taxes https://str.sg/wvGx

Recap key speech highlights in our live coverage:
https://www.straitstimes.com/singapor...

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