How will Singapore fund its rising budget?

-A +A

SINGAPORE (Feb 19): Ahead of the Budget Speech on Feb 19, the market is abuzz with speculation on which taxes will be raised and which will not.

Indeed, the government itself has been hammering home the point over the past year that taxes will need to rise to fund its sharply rising expenditures to reshape the economy, as well as soaring healthcare costs as Singapore’s population ages. The need for higher taxes was a key theme of last year’s Budget Speech and...(click on link for full story on