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Budget 2023 not simply a Budget of redistribution

This is not a Budget that simply redistributes the country’s wealth but one that keeps its eye on creating fresh sources

Budget - Deputy Prime Minister Lawrence Wong making his way towards Parliament House to deliver his Budget speech on Feb 14, 2023. ST Photo: Kevin Lim

Deputy Prime Minister and Finance Minister Lawrence Wong making his way towards Parliament House to deliver his Budget speech on Tuesday.

ST PHOTO: KEVIN LIM

Gillian Koh

Deputy Prime Minister and Finance Minister Lawrence Wong has just

delivered his Budget statement

for financial year 2023, his first since he was designated as premier-in-waiting in April 2022.

He summarised Budget 2023 as one designed to help tide Singaporeans over immediate cost-of-living pressures, grow the economy, equip workers, strengthen Singapore’s social compact, and build a more resilient nation.

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Budget 2023

Lawrence Wong

Family planning/policy

Employment

Singapore economy