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The GST rate was increased from 3% to 4% on 1 January 2003, and to 5% on 1 January 2004. Each increase was accompanied by an offset package that was designed to make the average Singaporean household overall better off, even after accounting for the additional costs imposed by the increase in GST rates.
2 April – Joseph Schooling, who won Singapore's first ever Olympic gold medal, retires from swimming at 28. [25]15 April – Lee Hsien Loong announces his resignation as the Prime Minister of Singapore effective on 15 May 2024, paving the way for the assumption of Deputy Prime Minister and Finance Minister Lawrence Wong as the next Prime Minister of Singapore.
This is an accepted version of this page This is the latest accepted revision, reviewed on 17 February 2025. Economy of Singapore Skyline of Singapore's Downtown Core Currency Singapore dollar (SGD/S$) Fiscal year 1 April – 31 March Trade organisations WTO, APEC, CPTPP, IOR-ARC, RCEP, ASEAN and others Country group Developed/Advanced High-income economy Statistics Population 6,040,000 (2024 ...
UOB economist Barnabas Gan expects Singapore GST will rise to 9% from as early as 1 July, adding revenue of S$1.8 billion for 2022.
[[Category:Singapore templates]] to the <includeonly> section at the bottom of that page. Otherwise, add <noinclude>[[Category:Singapore templates]]</noinclude> to the end of the template code, making sure it starts on the same line as the code's last character.
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This template defaults to calculating the inflation of Consumer Price Index values: staples, workers' rent, small service bills (doctor's costs, train tickets). For inflating capital expenses, government expenses, or the personal wealth and expenditure of the rich, the US-GDP or UK-GDP indexes should be used, which calculate inflation based on the gross domestic product (GDP) for the United ...
To change this template's initial visibility, the |state= parameter may be used: {{Government of Singapore | state = collapsed}} will show the template collapsed, i.e. hidden apart from its title bar. {{Government of Singapore | state = expanded}} will show the template expanded, i.e. fully visible.