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.

DPM Wong vows government will always be ‘pro-growth’ in economy

Economic competitiveness is one of the key phases in Singapore.

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.

Businesses, residents invited to give suggestions on 2023 budget

Singaporeans can provide their views and hopes for the budget until 13 January.

Singapore underscores resilience but cautious amidst decoupling issues: Wong

The deputy prime minister said they encourage better diversification.

Around 2.9 million Singaporeans may get up to $200 cash payout

The government raised the Assurance Package by $1.4b.

Singapore to raise Assurance Package by $1.4b

This is due to the inflation situation in the market.

How will SG implement the hydrogen strategy for net zero 2050 target? Wong explains

The market will study using ammonia for power generation.

Gov’t seeks to create 3,000 financial sector jobs a year

This is under the Financial Services Industry Transformation Map 2025.

How can SG boost social cohesion in society? Wong explains

It will take deliberate measures to overcome differences in the society.

Two-thirds of businesses involved in corporate giving: Wong

This will build trust and unity in the society.

About 1.2 million Singaporean household to get $120m

The Household Utilities Credit will be distributed by September 2022.

Target employment rate for persons with disabilities up 40%: Wong

In 2021, the employment rate for the group rose by two percentage points.

Liveable, sustainable cities needed in post-pandemic era: gov’t

This was delivered during the World Cities Summit Mayoral Lunch 2022.