For subscribers

Raising taxes and cutting expenditure not ideal solutions to greater demands on Government budget

A looming fiscal gap is likely, but timely measures can not only close the gap but also reap long-term benefits.

ST20230125_202303344726/pixgeneric/Ryan Chiong Generic pictures of people against the Singapore city skyline in the rain at the Jubilee Bridge on Jan 25, 2023. Can be used for stories about rain, wet weather, tourists, foreigners, Singapore.

Singapore is projected to run annual budget deficits amounting to between $7.5 billion and $15 billion each year from FY2026 to 2030.

ST PHOTO: RYAN CHIONG

Christopher Gee and Yap Jia Hui

Follow topic:

How should the Government manage greater demands on the Singapore Budget?

This question has come into sharp focus with the release of the Occasional Paper on

Medium-Term Fiscal Projections

by the Ministry of Finance last week. The paper points out that Singapore is projected to run annual Budget deficits amounting to between $7.5 billion and $15 billion each year, during the five-year period from FY2026 to FY2030.

Raising taxes and cutting expenditure not ideal solutions to greater demands on Government budget

Follow topic:

See more on