A future where no one is left behind

As the world moves forward from the COVID-19 pandemic, two main risks hang over the global economy: rising inflation and geopolitical tensions. Time is also running out in the race to build a sustainable earth against the mounting threats of climate change.  

In the face of this complex constellation of challenges, Singapore remains undeterred.

Investments in clean technologies and energy efficiency have accelerated to meet shifting energy needs and reach climate objectives. More help for Singaporeans to cope with rising costs and strengthen resilience are on the way. And support for business transformation and innovation remains robust.

While the road ahead remains uncertain, one thing is clear: To build a strong, competitive and cohesive society, the nation will need to forge new pathways to sustainable and inclusive growth — where no one will be left to walk alone. 

Explore key highlights from the Singapore Budget 2023, which reflects recommendations put forth in KPMG in Singapore's Budget 2023 Proposal. 

 

Ajay K Sanganeria

​With the introduction of the Enterprise Innovation Scheme, Singapore will lead the global chart as being one of the most attractive countries for R&D activities. As a nation focused on innovation, it will reap the benefits from increased R&D investments by businesses.



Ajay Kumar Sanganeria
Partner, Head of Tax
KPMG in Singapore


solar panels

Opportunity amid uncertainty

New initiatives and enhancements to pave pathways to growth

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For one, for all

Support and grants to strengthen social compact and uplift lives

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The road to resilience

Measures and support to survive and prosper in a troubled world



Tax changes

Keep up with the latest tax changes unveiled by Deputy Prime Minister and Minister for Finance Mr Lawrence Wong in his Budget 2023 Statement.



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Event: KPMG Singapore Budget 2023 Technical Seminar

KPMG in Singapore will be sharing insights and perspectives on how this year’s Budget will affect businesses like yours at our Budget 2023 Technical Seminar on Tuesday, 28 February 2023, at the Sands Expo and Convention Center.

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Our Budget 2023 Proposal

KPMG in Singapore has put forth a three-pillar framework for how the nation can come together to chart a path towards a lasting future — one in which everyone has a stake and role to play. Explore our proposed measures for Singapore Budget 2023.

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Media room