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

Most experts agree that additional short-term measures will be needed to offset the impact of inflation and GST hikes. PHOTO: ST FILE
New: Gift this subscriber-only story to your friends and family

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.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.