Singapore Pre-Poll Budget Delivers Spending and Surplus
Wong, in his first budget as premier, announced a healthy fiscal position. He forecast a surprise budget surplus of S$6.8 billion (roughly $5.1 billion) or 0.9 of GDP for fiscal 2025. Corporate income tax is now the single largest contributor to revenue
Posted by Hicham ALAOUI RIZQ on 2025, Feb 18
Introduction
Wong, in his first budget as premier, announced a healthy fiscal position. He forecast a surprise budget surplus of S$6.8 billion (roughly $5.1 billion) or 0.9 of GDP for fiscal 2025. Corporate income tax is now the single largest contributor to revenue
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