Lawrence Wong rounds up Budget 2023 debate in Parliament

Putting together Budget 2023 was a "delicate balancing act of finding that sweet spot", Deputy Prime Minister and Finance Minister Lawrence Wong told Parliament on Friday (Feb 24) as he rounded up the Budget debate.

He added that Singapore wants to get back to a more sustainable fiscal position but it cannot taper down support too quickly because the economic outlook remains uncertain. At the macro level, Budget 2023 is expansionary, providing some support for what is likely to be a weaker economy this year, he said

Mr Wong also addressed questions from MPs on whether the Government is taking too much and giving back too little, whether Singapore is staying competitive and helping businesses and workers sufficiently, and whether the Government is doing enough to help Singaporeans and households in need.

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