Unfulfilled hopes from Budget wish lists

They include ideas to decarbonise faster, further reduce inequalities, raise revenues and help SMEs.

Budget 2022 was broadly well received by business leaders, although some opposition MPs voiced objections. ST PHOTO: KUA CHEE SIONG
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Budget 2022 covered a lot of ground, particularly on taxes but also on incentives for companies and social support. It was broadly well received by business leaders for its emphasis on inclusiveness and future-readiness. Most members of Parliament also endorsed the Budget, although some opposition MPs voiced objections, particularly to the proposed hike in the goods and services tax (GST).

However, there were a lot of items in various pre-Budget wish lists from tax experts that didn't make it to the Budget. These include ideas to accelerate decarbonisation; further reduce wealth inequalities and cool the property market; expand assistance to small and medium-sized enterprises (SMEs); and reduce pressures on health spending. Here are some of them:

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