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February 25, 2019
Singapore Budget 2019 Synopsis
2019 marks the 200th anniversary of the arrival of Sir Stamford Raffles in Singapore, which was a key turning point in the country’s history and the foundations were set for its transformation into the global node that Singapore is today. Aptly, this Bicentennial Budget reflects on the country’s past factors of success and seeks to strengthen the pillars to build a strong and united Singapore. While this budget is an expansionary one, Singapore continues to maintain fiscal prudence and financial discipline to avoid high public debts, borrow only to fund special infrastructure projects and use recurring income to fund ongoing expenditure. EY’s synopsis provides details.