Singaporeans invited to share their views and hopes for Budget 2023

Singaporeans can share their thoughts on the upcoming Budget 2023 from Dec 5 to Jan 13 before it is presented in February 2023.

In a press release on Saturday (Dec 3), the Ministry of finance (MOF) said feedback is being collected through the Singapore Budget website, REACH Budget 2023 microsite, REACH Singapore Facebook, REACH Singapore Instagram and the PA Ask Kopi Kakis #shareyourviews webpage.

REACH Singapore will also be conducting a physical Listening Point session, where those in attendance can give feedback on Budget 2023.

The three main themes for this feedback session are Navigating a Volatile and Complex World, Strengthening our Social Compact and Building a Resilient Nation.

This feedback session is in line with Singapore’s roadmap to implementing the Budget by March 2023. In February 2023, Cabinet will approve the Budget and the finance minister will deliver the Budget Statement and introduce the Supply Bill. 

Once the Supply Bill is finalised, Parliament votes on the Bill. If the President also assents to the Supply Bill, it becomes a law called the Supply Act, which controls the Government’s spending for the next financial year.

Singapore’s current financial year will end on Mar 31. The upcoming financial year will begin on Apr 1, 2023, and end on Mar 31, 2024.