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15 February
In the first part of his Budget Speech, the Second Minister for Finance Tharman Shanmugaratnam said that while the first priority of the government is to grow the economy, it must ensure that no one is left behind and all Singaporeans have the opportunity to succeed. He spoke about the widening income gap and how it was a key agenda to this budget.

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15 February
In this segment of the Budget Speech, the Second Finance Minister Tharman Shanmugaratnam spoke about building capabilities for the future and strengthening the social security system.

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15 February
In this segment of the Budget Speech, the Second Minister for Finance Tharman Shanmugaratnam spoke about capitalising on Singapore's strengths as a key financial centre to develop Singapore as an attractive hub for global philanthropic organisations.

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15 February
Ending off the first part of the Budget Speech, the Second Minister for Finance Tharman Shanmugaratnam spoke about strengthening the security system. He spoke about restructuring the CPF and introducing Workfare for low-wage workers.

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15 February
Second Minister for Finance Tharman Shanmugaratnam started the second part of the Budget Speech by announcing the reduction of corporate tax rate by 2 percentage points to 18 percent. He also announced the increase in GST to 7 percent.

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15 February
Second Minister for Finance Tharman Shanmugaratnam concluded the Budget Speech by announing the GST offset packages in the form of GST credits and Senior Citizen's bonuses.