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Budget 2024: Short on expertise, small local firms face challenges in utilising schemes
Supporting SMEs to stay competitive and build capabilities must remain a national priority to avoid a two-track economy of big innovative firms and a backwater of local firms.
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Implementation will be key to determine whether local firms can access and utilise the intended assistance, says the writer.
ST PHOTO: ALPHONSUS CHERN
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Comprehensive, forward-leaning and pro-enterprise: These are words businesses have termed this year’s Singapore Budget.
Compared with Budget 2023, described by some commentators as “all quiet on the economic front”
