04/11/2026
In Parliament last month, I asked questions on medium-term fiscal projections, economic concentration risks, digital safety in livestreams, and consumer protection. The ministries have responded.
On public finances, M*F will publish updated medium-term fiscal projections extended to 2035 in the second half of next year, factoring in updated revenue expectations, spending plans, and scenarios on global minimum tax rules.
On economic structure, MTI noted that Singapore’s economy remains diversified, with services accounting for around 70% of GDP in 2025 and manufacturing at 18.5%. With recent growth proving broad-based, MTI continues to monitor potential concentration risks closely.
On digital safety and fair trading, HSA removed 2,358 illegal health product listings in 2025 and is strengthening detection frameworks for livestreams. Where live broadcasts facilitate e-commerce scams, enforcement under the Online Criminal Harms Act 2023 can require platforms to verify high-risk sellers against official Government records. Under the Consumer Protection (Fair Trading) Act 2003, false claims and undue pressure during livestreams are prohibited, with CASE assisting consumers and CCCS ready to act against egregious practices.
*FMTIGPC