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Budget 2026: Securing Singapore’s future in a changed world
This is the second of a series of 8 primers on current affairs and issues in the news, and what they mean for Singapore.
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Budget 2026 addresses both the population’s immediate needs and the long-term challenges of a more contested world, says the writer.
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- Budget 2026, Singapore's largest ever at $154.7 billion, aims to address global uncertainties and help Singapore progress in a changed world, focusing on strategic adaptations.
- Key initiatives include cost-of-living support for households and businesses, alongside strategic investments in AI, research, and workforce upskilling for long-term economic growth.
- To address demographic challenges and social cohesion, the Budget includes measures to support families, lower-wage workers, and community initiatives, ensuring inclusive growth.
AI generated
SINGAPORE - At $154.7 billion, Budget 2026 is the largest budget in Singapore’s history.
Prime Minister and Finance Minister Lawrence Wong said when wrapping up the Budget debate in Parliament on Feb 26 that it is larger than the combined total of the five budgets rolled out in 2020 to help the country fight the Covid-19 pandemic.
