Singapore Budget 2024

Article

Singapore Budget 2024 Digest

Shaping our united tomorrow

Delve into the latest fiscal developments as Deputy Prime Minister and Minister for Finance, Mr Lawrence Wong, unveils the Singapore Budget 2024 on 16 February 2024. Gain valuable insights with our detailed coverage of the key tax highlights in our Singapore Budget 2024 Digest.

Delve into the latest fiscal developments as Deputy Prime Minister and Minister for Finance, Mr Lawrence Wong, unveils the Singapore Budget 2024 on 16 February 2024. Gain valuable insights with our detailed coverage of the key tax highlights in our Singapore Budget 2024 Digest.

Press releases

Deloitte Singapore’s response to the “Building Our Shared Future Together” Singapore Budget 2024

Deloitte Singapore’s subject matter experts share their reactions and comments to the Singapore Budget 2024 announced today.

Press releases

Deloitte’s Singapore Budget 2024 recommendations: A prudent time to reshape Singapore’s tax incentives and grants framework

Deloitte’s recommendations for Singapore Budget 2024 include shaping tax policies to adapt to the evolving global economic landscape as OECD BEPS 2.0 initiatives take effect, and focusing on sustainable growth amidst environmental challenges whilst supporting people and businesses.

Deloitte’s recommendations for Singapore Budget 2024 include shaping tax policies to adapt to the evolving global economic landscape as OECD BEPS 2.0 initiatives take effect, and focusing on sustainable growth amidst environmental challenges whilst supporting people and businesses.

Analysis

Singapore Budget 2024 Feedback

The economic forecast for Singapore in 2024 carries a tone of cautious optimism. The government forecasts a gradual improvement in Singapore’s GDP growth in the latter half of 2024, expecting it to approach its potential rate of about 1-3% for the whole year. However, this positive outlook is not without its potential disruptions, including new COVID-19 strains and rising geopolitical tensions.

Despite a forecasted gradual improvement in GDP growth, potential disruptions such as new COVID-19 strains and political tensions loom. Explore how we can navigate these challenges through our key recommendations in this Budget 2024 feedback report.