This Valentine's Day will be more 'inclusive,' as the Government aims to be everyone's Cupid by releasing Budget 2023.
Finance Minister Lawrence Wong stated on Tuesday (3 January) that Budget 2023 would be his "Valentine's Day gift" to everyone, in reference to the upcoming announcement.
Mr. Wong also provided a preview of this year's Budget, noting that it will assist Singaporeans in coping with cost-of-living concerns, with a focus on assisting vulnerable or low-income groups.
Budget 2023 will provide assistance, particularly to Singaporeans who are vulnerable.
Budget 2023 will provide assistance, particularly to Singaporeans who are vulnerable.
Mr. Wong stated on Tuesday, January 3, during the unveiling of the 2023 CDC Vouchers that the finance ministry is in the midst of formulating the 2023 budget.
He had already indicated that the Budget will be released on February 14, which is Valentine's Day.
Mr. Wong stated that Budget 2023 will be his "Valentine's Day gift to everyone."
The finance minister also agreed that the cost of living is the main issue for everyone.
However, he reassured Singaporeans that the government "will always be here" and will assist citizens in coping with inflation and rising prices.
Mr. Wong stated that the Budget 2023 would feature further assistance measures, particularly for vulnerable persons and those from lower-income categories.
Aside from the Budget 2023, Mr. Wong discussed the macro uncertainties and challenges we would face in the following year.
Even though it has been a year since the invasion of Ukraine began, he stated that the battle is unlikely to conclude "anytime soon."
Mr. Wong cautioned that this may result in food and energy disruptions.
In the meantime, geopolitical concerns continue to afflict the relationship between China and the United States, the two big powers on opposite sides of the Pacific.
Mr. Wong cautioned that the Covid-19 outbreak is still ongoing.
As evidence, he noted that China is experiencing a fresh wave of instances. Singapore is likewise considering the potential impact on us.
Mr. Wong, however, expressed optimism that Singapore will be able to leave Covid-19 behind "later this year." This is especially true considering the population' high degree of resistance to the virus.
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