What's next in 2022

Rebuilding the economy amid recovery

Besides raising GST, ways to strengthen revenue resilience could include new wealth levies such as property gains tax and estate duties.

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In 2022, there will be high hopes that the Singapore economy will fully emerge from the shadow of the coronavirus pandemic. It will be a year to consolidate the economy's recovery, accelerate its transformation and rebuild public finances.

Unlike in 2020 and 2021, there will be no outsized economic rescue packages, although some still-troubled industries such as aviation and tourism-related sectors will continue to need help, at least until travel curbs are eased.

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