Singapore is set to unveil its Budget 2026 on Thursday, marking the first fiscal plan of the government’s new five-year term.
The budget, which covers the financial year beginning in April, follows stronger-than-expected economic growth in 2025, giving policymakers some room to maneuver amid global uncertainties.
Local media reports suggest the city-state will roll out more targeted and strategic measures to help businesses cope with macroeconomic headwinds and rising geopolitical tensions.
Key areas of support are expected to include artificial intelligence, internationalisation, sustainability, and cost management.
Prime Minister and Finance Minister Lawrence Wong is also set to address cost-of-living pressures and education, reiterating the government’s commitment to skills upgrading so Singaporeans can adapt to structural shifts and seize new job opportunities.
Parliament will convene at 1:30 p.m. local time on Feb. 12 for the Budget statement.