Singapore Budget Set to Focus on Living Costs in Transition Year
- Back-to-back fiscal surplus may be in cards: Bloomberg survey
- Smooth leadership handover also expected by analysts
Residential buildings in Singapore.
Photographer: Lionel Ng/BloombergThis article is for subscribers only.
Singapore will likely seek to defray living costs and support retrenched workers and small businesses through its annual budget Friday, with the spending plan seen as the priority list for the city-state’s new generation of leaders.
In his second budget speech after being anointed the prime minister-in-waiting, Finance Minister Lawrence Wong is also expected to train his sights on longer-term objectives including boosting Singapore’s competitiveness as an investment destination and managing green goals.