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Changing land pricing to cut cost of HDB flats risks destabilising entire property market: DPM Wong

SINGAPORE Changing the way that land is priced to lower the cost of Housing Board flats will risk destabilising the entire property market, said Deputy Prime Minister Lawrence Wong. He cautioned against artificially resetting the housing market in this manner. Wong was responding on Friday (Feb 24) to proposals and concerns raised by MPs over housing during the Budget.

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No slack in Singapore's Budget, says DPM Lawrence Wong

SINGAPORE There is no "slack" in Singapore's Budget and, in fact, without the tax moves announced in 2022 and 2023, Singapore would not be able to meet its spending needs, Deputy Prime Minister and Finance Minister Lawrence Wong said on Friday (Feb 24). The minister was responding to assertions from some quarters during the Budget debate that the Government.

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Claims that middle-income Singaporeans are overtaxed an 'outright falsehood', says Lawrence Wong

SINGAPORE - Compared with citizens elsewhere, Singaporeans pay much less in taxes and yet are able to enjoy high-quality public services, said Deputy Prime Minister and Finance Minister Lawrence Wong on Friday, as he debunked claims that middle-income Singaporeans are overtaxed. The impact of the Budget on the middle-income had come up during the Budget debate, with MPs from both.

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