bearish

Singapore Budget 2023: More of the Same?

Manu has highlighted this Insight as a Top Pick
370 Views21 Feb 2023 10:20
SUMMARY
  • Budget 2023 signalled continued fiscal conservatism that risks increasing public savings beyond what is economically efficient. More money can be spent on pursuing long-term goals.
  • The step up in social assistance schemes was welcome, but there is considerable latitude for more support for Singaporeans to face looming economic and social challenges.
  • Goodies in Budget 2023 can be justified by prevailing macroeconomic conditions and the government’s policy goals, so the budget is not sufficiently indicative of an early election.
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