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Upcoming GST hike seen as key to improving fiscal sustainability

“With a budget deficit of S$64.9 billion or 13.9 per cent of GDP (gross domestic product) for FY2020 and rising recurrent spending needs on healthcare and social support, increasing revenue to balance the budget is inevitably the top of the government’s priority list,” said Low Hwee Chua, tax and legal leader at Deloitte Singapore.

Source: singaporelawwatch.sg

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