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2 days ago · Government spending in Singapore has risen since the start of the global financial crisis, from around 15% of GDP in 2008 to 17% in 2012. The government's total expenditure as a percentage of GDP ranks among the lowest internationally and allows for a competitive tax regime.
Jul 10, 2024 · According to the Budget 2012 speech, the top 20% of households pay 80% of income tax collected. However, Good & Services Tax (GST) is a tax on domestic consumption, which is a regressive tax, as it is a flat tax and will affect lower income earners disproportionately.
- Angela Koo
Jul 16, 2024 · Wage growth and the economy are usually closely connected. In 2023, Singapore’s economy grew by 1.1%, while labour demand cooled throughout the year. Recently, the Ministry of Manpower (MOM) in Singapore released data from an annual wages survey, detailing changes in total wages for Singapore residents in 2023.
Jul 4, 2024 · What Is The Median Salary In Singapore? The median monthly income from work in Singapore was $5,197 in 2023. This was a 2.5% increase compared to the 2022 median salary of $5,070.
2 days ago · ANNOUNCEMENT. Parliament will be sitting on 6 August 2024. It will commence at 12.00 noon. On sitting days, the livestream of Parliament proceedings can be viewed on MDDI's YouTube channel at this link. FIND MP (s) IN MY CONSTITUENCY. LATEST NEWS. Prev Next. PARLIAMENTARY BUSINESS. View the Official Reports - Parliamentary Debates. View reports.
2 days ago · Singapore's key consumer price gauge rose 2.9% in June from a year earlier, lower than economists' forecasts and the lowest reading since March 2022, official data showed on Tuesday. The core inflation rate, which excludes private road transport and accommodation costs, was a notch lower than the 3.0% forecast in a Reuters poll of economists and compared with 3.1% seen in April and May. The ...
Jul 1, 2024 · Updated. Jul 01, 2024, 10:59 PM. SINGAPORE - Around 180 coffee shops will start offering budget meals by end-July under a scheme to provide Singaporeans with more affordable food options, more...
