Ministry of Finance
The Ministry of Finance (MOF) is a ministry of the Government of Singapore responsible for managing Singapore’s fiscal policies and the structure of its economy.
See below for the Latest Ministry of Finance News, Analysis, Profit Results, Share Price Information, and Commentary.
MOF to list GST-exempt government fees by April
There are three categories of fees subject to GST.
Gov’t to roll out 'Tender Lite' in April
The category will cover tenders up to $1m for general goods and services.
Budget 2024: Government raises annual value band property tax threshold
The lower threshold will be increased to $12,000.
LIVE UPDATES: Singapore Budget 2024
Finance Minister Lawrence Wong said the budget is the "first instalment of the plans set out in the ForwardSG roadmap."
Ministry of Finance orders six agencies to refund wrongly charged GST
The amount of wrongly charged GST for individuals and non-GST registered entities is estimated to be $1.5m yearly.
Structural nuances determine stamp duty for fractional property investments: MOF
Buyers directly acquiring residential properties usually have to pay up to 6% stamp duty.
2.5 million Singaporeans to receive $800 cash assistance in December
The government will disburse an additional $1.1b under its Cost-of-Living Support Package.
Gov’t to inject $2.4b raised from first sovereign green bond to rail network expansion
The government has already allocated 30% of the funds raised.
MOF to consider ‘age-based only’ in criteria of Majulah Package
Currently, the package only benefits seniors with lower incomes and less wealth.
1.5 million Singaporeans to receive up to $700 from GSTV-Cash
Eligible citizens can get up to $300 more compared to 2022.
Sustainable debt market in Singapore grew healthily to $27.05b
Singapore’s sustainable debt market went up by about 10 times in the last five years.
DPM Wong vows government will always be ‘pro-growth’ in economy
Economic competitiveness is one of the key phases in Singapore.
MoF seeks public feedback on proposed amendments to the free trade zones bill
The bill enables better oversight of goods flowing through FTZs.
LIVE UPDATES: Singapore Budget 2023
Finance Minister Lawrence Wong said the budget will be about “Moving Forward in a New Era.”
MOF: Gov’t spending to go up 19%-20% of GDP in 2026 to 2030
It may also exceed 20% of the economy by 2030 fiscal year.
Lower, middle-income residents to receive GST, CDC vouchers in early 2023
About 950,000 HDB flats residents will get vouchers in January and February 2023.
Lower-wage earners uplifted, retrenchments decline: gov’t report
Real income growth of 20th percentile earners was 2.7% per annum.
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Commentary
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