ABC Radio Australia
13th Feb 2008
The Singaporean government is expected to cut personal income taxes in its 2008 budget, to be announced on Friday.
According to analysts, the government is also expected to announce an "inflation offset package", aimed at helping primarily the poor and elderly cope with rising living costs.
Singapore, Southeast Asia's most advanced economy, grew 7.5 per cent last year.
The stock market climbed to record highs and companies reported robust earnings.
But with some economists saying the United States is in a recession, the government forecasts Singapore's trade-reliant economy to expand at a slower rate of 4.5 per cent to 6.5 per cent this year.
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