The Big Four gives their comments on the main topics of Finance Minister Lawrence Wong's Singapore Budget 2023 speech. SingaporeBusinessReview
Wong said the government would be allocating an additional $3b to the Assurance Package, introduced to help Singaporeans cope with the increase in taxes.
“With a stronger fiscal position than last year, Deputy Prime Minister Lawrence Wong's Valentine Budget 2023 has rightfully provided a slew of goodies for lower-income earners, working mothers, and retirees through various enhancements,” Ajay said According to Soh Pui Ming, Singapore Head of Tax at EY, the focus on helping families and lower income groups as well as businesses are generous and inclusive, without losing on the resiliency and long-term needs of Singapore in an ever-changing economy.launch of Forward Singapore and the active participation of citizens highlight an interactive
“This is an encouraging sign of the government’s commitment towards building a better tomorrow. With the collective effort of the government and the people of Singapore, the nation will be better positioned to weather the storm and come out stronger.
Lee Bo Han, Partner, R&D & Grants Consulting at KPMG the scheme just reinforces Singapore’s commitment to being one of the most attractive countries for R&D. “The new Jobs-Skills Integrators pilot – which aims to help employers enhance training and place workers in suitable roles – is a fantastic means of government support that prioritises reskilling and upskilling as a key workforce strategy. To facilitate job matching, identification of skills gaps and training will not only alleviate enterprises’ talent crunch pressures but will enhance the effectiveness of matching demand and supply of key skills for the future.
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