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.

ST ILLUSTRATION: MIEL
New: Gift this subscriber-only story to your friends and family

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.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's WhatsApp Channel and get the latest news and must-reads.