Budget 2018 was about preparing for Singapore future where Minister Heng Swee Kiat highlighted on the following challenges: –

1. global uncertainty from trade wars and potential change in global power;
2. technology disruption; and
3. the aging population.

This Budget was forward looking in terms of raising more revenue for the anticipated increase in spending to meet the future challenges and cater to the short term needs of businesses by providing tax breaks in line with making relevant investments and overseas expansionary plans for businesses.

For the full details, please download our budget commentary.