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Budget 2025: 'Considerable' uncertainty about Singapore government revenues in coming years, says PM Wong

Summary by Channel News Asia
Corporate income tax collections increased unexpectedly in recent years, but it is too soon to tell whether this will be a lasting trend, said Prime Minister and Finance Minister Lawrence Wong.

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NikkeiNikkei

Singapore PM Wong unveils preelection budget: 5 things to know

SINGAPORE -- Prime Minister Lawrence Wong has announced a draft budget for fiscal 2025 that introduces financial support schemes for locals ahead of t

·Japan
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Channel News AsiaChannel News Asia

Budget 2025: 'Considerable' uncertainty about Singapore government revenues in coming years, says PM Wong

Corporate income tax collections increased unexpectedly in recent years, but it is too soon to tell whether this will be a lasting trend, said Prime Minister and Finance Minister Lawrence Wong.

·Singapore
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BloombergBloomberg

Singapore Sees FY25 Budget Surplus of S$6.8b

Singapore expects a budget surplus of S$6.8 billion for FY2025, Prime Minister Lawrence Wong says in his budget speech to parliament on Tuesday.

·United States
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PressNewsAgencyPressNewsAgency

Budget 2025: ‘Considerable’ uncertainty about Singapore government revenues in coming years, says PM Wong

CHANGES IN GLOBAL TAX ENVIRONMENT Mr Wong also said there was “great uncertainty” about the global tax environment, with the new United States administration withdrawing from an agreement to adopt a 15 per cent global corporate minimum tax. “It remains to be seen what further moves the US and other major economies will make in this new geopolitical environment,” he said, adding that Singapore will assess its options and adjust policies where nec…

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Business TimesBusiness Times

Budget 2025: Singapore expects S$6.8 billion surplus in FY2025, contrary to economists’ deficit predictions

Singapore expects a fiscal surplus of S$6.8 billion, or 0.9 per cent of gross domestic product for the 2025 financial year, despite a generous spending plan under which the government’s total expenditure will exceed operating revenue.

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Business Times broke the news in on Tuesday, February 18, 2025.
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