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Insight
Budget 2021: More targeted support for firms, workers to seize new opportunities
After nearly $100 billion was committed in support measures and up to $52 billion drawn from past reserves last year, what is in store for Singaporeans and businesses in this year's Budget? Insight speaks to observers.
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Hopes are high that policymakers will not turn off the spigots too soon in Budget 2021 on Feb 16.
ST PHOTO: LIM YAOHUI
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SINGAPORE - Five Budgets, nearly $100 billion committed in Covid-19 support measures, and up to $52 billion drawn from past reserves. A deficit to the tune of $74.2 billion - Singapore's biggest since independence in 1965.
This represents the unprecedented fiscal firepower the Government unleashed last year to save jobs, support workers and protect livelihoods.
