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.

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.

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.

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.