Singapore’s DPM Lawrence Wong says Budget 2023 was “particularly challenging” as the country tried to ensure fiscal prudence while helping Singaporeans with cost of living.
Middle-income Singaporeans could be affected most by Singapore’s GST hike, which is designed to support an increase government social spending.
Singapore has once again been ranked as the most expensive city to live in, sharing the top spot with New York City this year, according to the Economist EIU.
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