Singapore’s upcoming Budget 2016 is very much anticipated with heightened interest. This is because, for one, it is the first budget addressed by new Finance Minister Mr. Heng Swee Keat, and the other for being the budget that will launch Singapore into the preeminent phase of economic growth and development to steer ahead towards the next 50 years.
Generally analysts predict Budget 2016 to be more neutral as compared to last year’s Jubilee budget, however remaining accommodative in order to help ease the strain of the economic slowdown. Some business federations and organizations such as the Singapore International Chambers of Commerce (SICC) and the Singapore Chinese Chambers of Commerce and Industry (SCCCI) have made their recommendations.
Do not fret if you have not managed to view or read some of the recommendations, as we will give you a sneak into Budget 2016 based on recommendations we’ve seen.
Generally analysts predict Budget 2016 to be more neutral as compared to last year’s Jubilee budget, however remaining accommodative in order to help ease the strain of the economic slowdown. Some business federations and organizations such as the Singapore International Chambers of Commerce (SICC) and the Singapore Chinese Chambers of Commerce and Industry (SCCCI) have made their recommendations.
Do not fret if you have not managed to view or read some of the recommendations, as we will give you a sneak into Budget 2016 based on recommendations we’ve seen.