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Revisions

Ready for a 2 percentage point GST hike in Budget 2018?

Singapore economy

Ready for a 2 percentage point GST hike in Budget 2018?

PC Lee Published on Wed, Jan 17, 2018 / 4:01 PM GMT+8

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SINGAPORE (Jan 17): Credit Suisse expects a 2 percentage point GST hike to be announced on Feb 19 in this year's Budget statement.

This will likely be implemented from 2H2018 onwards.

The bank's long-term fiscal scenario shows annual government spending rising by an additional 1.7% to 2.8% of GDP by 2025 driven by mega infrastructure projects, higher social expenditure, and measures to transform the economy.