Budget 2023: Global headwinds mean Singapore policymakers will be walking a tightrope

SINGAPORE –

Tuesday’s

Budget

will test Singapore’s ability to manage challenges posed by the global economic slowdown, geopolitical tensions, surging inflation and interest rates and the cost of climate change.

Low-income households and small and medium-sized enterprises (SMEs) will pore over the Valentine’s Day policy document for some respite from the rising costs of living and doing business.