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In view of uncertainty due to the COVID-19 pandemic, the GST increase will be deferred to after year 2022, with a S$6 billion Assurance Package proposed in 2020 to cushion the impact when the hike kicks in. The GST increase is later deferred again, with the increase taking place in two stages, 8% on 1 January 2023 and 9% on 1 January 2024.
As of 2022, the Singapore Government debt exceeds the country's GDP at about 150%. However, these are not net debts, but gross external debts, which can be traced to the debt liabilities in Singapore's banking sector—a reflection of the country's stature as a major global financial hub. In essence, Singapore borrows to invest, not to spend.
As of 2023, the total size of the reserves has been estimated to be at least S$ 2.5 trillion (2024) ( US$ 1.87 trillion ), based on publicly available data from GIC, [a] Temasek, [b] MAS, [c] and CPF, [d] among others. It is generally assumed that Singapore's reserves are far-reaching and significant. However, the Government has consistently ...
As of 8 June 2013, Singapore's unemployment rate is around 1.9% and the country's economy has a lowered growth rate, with a rate of 1.8% on a quarter-by-quarter basis—compared to 14.8% in 2010. 2015 and 2016 saw a downturn for the nation as GDP growth shrunk to just 2 percent.
Timeline of the COVID-19 pandemic in Singapore may refer to: Timeline of the COVID-19 pandemic in Singapore (2020) Timeline of the COVID-19 pandemic in Singapore (2021) Timeline of the COVID-19 pandemic in Singapore (2022) Timeline of the COVID-19 pandemic in Singapore (2023) Categories:
As of June 2023, the population of Singapore stands at 5.92 million. [2] Of these 5.92 million people, 4.15 million are residents, consisting of 3.61 million citizens and 540,000 permanent residents (PRs). The remaining 1.77 million people living in Singapore are classed as non-residents, a group consisting mainly of resident workers without ...
Since 2022, the majority of crime reports has been attributed to scams. On a year-on-year basis, there were 46,563 reported scam cases in 2023, up from 31,728 cases in 2022 (46.8% increase). Since 2019, more than S$2.3 billion has been lost to scams. Annual losses of more than $650 million were recorded in both 2022 and 2023.
Politics of Singapore. General elections were held in Singapore on Friday, 10 July 2020 to elect 93 members [c] to the Parliament of Singapore across 31 constituencies. [d] Parliament was dissolved and the general election called by President Halimah Yacob on 23 June, on the advice of Prime Minister Lee Hsien Loong. [2]