Budget 2023
Top Stories
ST-BT Budget Roundtable tackles jobs, housing and other hot-button issues
DPM Wong stresses need for fiscal discipline even as S’pore looks to boost growth, employment, housing supply and lifelong opportunities for all.
Budget 2023: What payouts and rebates S'poreans can expect
The extra support is meant to help people cope with inflation and the impact of the GST hike.
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Cost of living
$3k more in baby bonus, more financial support for children’s early years
DPM Wong announced a slew of measures to strengthen support for Singaporeans on their parenthood journey.
Taxes
Tax for higher-end cars to rise again; ARF to go up from 220% to 320%
The changes will take effect from the next round of COE bidding.
Vehicle tax and COE revenue set to rise
A newly announced increase in additional registration fee for higher-end cars will also contribute to this.
Smokers to pay more for all tobacco products as 15% tax hike kicks in
They will have to pay more for cigarettes, cigars and smokeless tobacco.
Support for workers
Jobs-Skills Integrators to ensure training leads to good job prospects
Although more skills training is generally a good thing, it can be difficult for both workers and employers to identify high-quality courses which industries will find relevant.
