Singapore’s finance minister cited rising cost of health care as a reason for the tax hike. Photo: AFP

Singapore to raise GST for first time in decade despite surplus – but taxpayers won’t feel pain for at least three years

Observers say the decision to delay the hike is a shrewd political move that will bode well for the next leader of the People’s Action Party

Topic |   Singapore

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Singapore’s finance minister cited rising cost of health care as a reason for the tax hike. Photo: AFP
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Bhavan Jaipragas

Bhavan Jaipragas

Bhavan is Asia Correspondent for the SCMP, covering breaking news, politics, diplomacy, trade and Southeast Asian macroeconomic trends. His work for the Post's Asia desk also focuses on the region's multifaceted interactions with the United States and China. A Singapore native, Bhavan previously worked for Agence France-Presse.