Budget 2024 Singapore

Insights into Singapore's Budget 2024 and Economic Outlook

Discover what Budget 2024 holds, potential implications, and expert opinions on key issues.

Singapore's eagerly awaited Budget 2024 is set to make a pivotal impact on the nation's economic landscape and societal welfare. The upcoming budget has sparked a mix of anticipation and speculation, with citizens pondering whether it will ease living costs or serve as pre-election bonuses. Deputy Prime Minister and Finance Minister Lawrence Wong will unveil Budget 2024 on Feb 16, marking a significant event in Singapore's fiscal calendar.

Finance Minister Lawrence Wong has emphasized that Budget 2024 aligns with the strategies outlined in the ForwardSG roadmap, signifying its strategic importance. The budget aims to address pressing economic challenges and set the tone for Singapore's future development. An economist, Manu Bhaskaran, sheds light on critical issues such as higher taxes and the implications for family offices, offering clarity on complex economic matters prior to Budget 2024.

Furthermore, the potential implementation of BEPS 2.0 could impact multinational enterprises (MNEs) with a 15% global minimum tax. This directive has implications for businesses operating in Singapore, necessitating strategic tax planning to offset potential effects. Amidst global economic uncertainties and geopolitical tensions, Budget 2024 is poised to support businesses in maintaining resilience and adapting to evolving market conditions.

Stay tuned for live updates and in-depth coverage of Budget 2024 to gain insights into the policies, strategies, and outcomes that will shape Singapore's economic future.