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. 

Over $145m jobs support scheme payouts to aid 289,500 workers

The wage support will be disbursed from 31 March 2022.

Chart of the day: Average annual ABSD collected from S'poreans buying 2nd residential property reach $244m

The yearly average additional buyer’s stamp duty collection was from 2017 to 2021.

MOF to strengthen business ecosystem in 2 areas

These are the corporate government regime and efficiency of processes.

Who are eligible for the $500m Jobs and Business Support Package?

The package consists of the Small Business Recovery Grant and the Jobs Growth Incentive.

Singapore Budget 2022: GST hike delayed, carbon tax raised

Singapore's national budget will be delivered by Finance Minister Lawrence Wong today. 

SG Budget 2022 to focus on strengthening post-pandemic economy

Minister Lawrence Wong also acknowledged the difficulties faced by sectors. 

Redesigning job key to address challenges in accountancy sector

This is due to the changing aspirations of young professionals and the digitalisation shift.   

950,000 HDB households to get GST Voucher - U-Save rebates

This is part of the $900m Household Support Package for Budget 2021. 

What Singaporeans need to know in the next round of eased restrictions

Several factors, however, will be taken note of before these can be implemented.

Three initiatives to expand SG’s green finance ecosystem

There is a huge opportunity in the market for voluntary carbon credits.

MOF to distribute additional $900m under Jobs Support Scheme

Approximately 570,000 employees will be covered by the scheme.

Updated tax measures revealed in amended Income Tax Bill 2021.

Covered by this bill are updated measures in response to the pandemic.   The Ministry of Finance (MOF) announced today via a press release updated tax measures as a response to both the pandemic and feedback received from public consultation.