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

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
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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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