ingapore budget 2022 has been revealed and all eyes were on the expected GST hike. We got our answer last Friday. The current GST will be raised from the current 7% to 8% on 1 January 2023 and then to 9% on 1 January 2024. Finance Minister Lawrence Wong delivered his first budget statement, with the theme of “charting our new way forward together”. In essence, this Budget was designed to help Singapore to move on from the past two years and to prepare itself for a brighter future. At the same time, the government also recognised the need for a “fairer and more inclusive society” where no one is left behind. The Budget, therefore, delivered a good mix of measures that will boost revenue (through increased taxes) for future healthcare spending. At the same time, it also blunted the impact of taxes through targeted assistance to vulnerable and low-income families....