The Straits Times (February 20)
2018/ 02/ 21 by jd in Global News
“In spite of a substantial budget surplus,” Singapore is planning to raise taxes to meet “the challenges that lie ahead—in the form of financing healthcare in an ageing society, meeting infrastructure needs and ensuring security.” This approach starkly contrasts with the U.S., which has cut taxes despite running an enormous budget deficit, but fiscal sustainability has been “a mainstay of Singapore’s economic planning since independence.”
Tags: Budget surplus, Challenges, Deficit, Economic planning, Fiscal sustainability, Healthcare, Independence, Infrastructure, Security, Singapore, Taxes, U.S.
