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The upcoming budget for 2021 is expected to be pivotal in shaping Singapore's post-pandemic economic landscape. While last year's measures were broad—often termed a "big bazooka"—aimed at immediate stabilization, this year’s focus shifts towards strategic support for key sectors and transformative reforms. Policymakers face the challenge of selecting sectors that can lead the recovery and set the tone for Singapore’s future trajectory.
Priorities for Budget 2021
Analysts anticipate the budget will emphasize five core areas:
Job creation and preservation: Protecting employment remains vital, especially in sectors hit hardest by the crisis.
Liquidity for businesses: Ensuring firms have access to financial support to manage cash flow and operational costs.