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Budget 2022 sets the pace for Singapore's economic and social transformation

Ambitious policies will impel changes to business models and could pave the way for a reimagining of social support

A vibrant economy requires a critical mass of innovative firms that are able to leverage Singapore’s infrastructure, trade networks, R&D base and skilled manpower. ST PHOTO: LIM YAOHUI
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The need to be ready for the future is spoken of so often that it is easily taken for granted. Sometimes, it takes policy changes to focus minds and set things in motion.

This is what Budget 2022 has accomplished. The suite of Budget measures, comprising new policy announcements as well as details of previously announced policies, will force the pace of Singapore's economic and social transformation.

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