While Singapore’s economy is gradually recovering after a challenging 2020, the global outlook remains uncertain.
We will continue to provide a baseline of broad-based support for enterprises and workers, with a renewed emphasis to help your business seize new opportunities. With growth across industries set to remain uneven, we will also provide stronger support for specific sectors with weaker outlooks.
For Singapore to compete effectively, we must reinvent our economy, sharpen our competitive edge, and reinforce our position as a global-Asia node of technology, innovation, and enterprise. This means pressing on with transformation efforts even as we face potential challenges.
Budget 2021 introduces new measures, as well as enhances existing initiatives, to help your business deal with short-term challenges as you prepare for long-term growth. We will continue working with firms, workers and industry stakeholders to push on with economic recovery, seize new opportunities and strengthen partner capabilities.
Together, we will overcome and emerge stronger.