SINGAPORE’s Budget 2021: What to Expect
Deputy Prime Minister and Finance Minister Heng Swee Keat is set to take the spotlight on Tuesday, 16 Feb, unveiling Singapore’s Budget 2021. The Ministry of Finance (MOF) announced the date in a December 31 statement, and the event will be streamed live on TV, radio, and the Singapore Budget website.
Why This Budget is Anything But Ordinary
Heng’s Facebook update explained that the year has been “far from traditional.”
“Preparation for Budget 2021 is in full swing. Local transmission is under control, vaccinations are underway, but the overall outlook remains highly uncertain.If the economic recovery stays on track, we’ll have a more “traditional” Budget year. If it turns worse, we’re ready to adapt,” he added.
Get Your Voice Heard
Throughout January, Singaporeans can weigh in on the upcoming Budget through multiple channels:
These outlets focus on four main themes:
You’ll see questions about digital transformation, supporting vulnerable groups, and how enterprises can thrive after the pandemic.
The Bigger Picture
In November, Heng and agency leaders briefed President Halimah Yacob and the Council of Presidential Advisers on Singapore’s long‑term macro outlook and expected real rates of return.
“Discussions centered on Covid‑19 and its impact, and whether the pandemic has reshaped the investment landscape,” said Halimah.She urged a deeper look into structural shifts caused by the pandemic and how they’ll influence Singapore’s long‑term returns.
The Numbers
In a Nutshell
The Budget 2021 promises to be a mix of reflection on the past year’s challenges and a roadmap for a resilient, digital‑savvy future. Stay tuned for the live broadcast on 16 Feb, and feel free to share your thoughts by the end of Jan!
