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.

Hopes are high that policymakers will not turn off the spigots too soon in Budget 2021 on Feb 16.
Hopes are high that policymakers will not turn off the spigots too soon in Budget 2021 on Feb 16.ST PHOTO: LIM YAOHUI

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.

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