Part 9/10:
While significant support schemes have helped Singapore withstand the pandemic’s worst, experts acknowledge the necessity of fiscal discipline moving forward. The budget will likely balance continued targeted support with measures to ensure long-term fiscal sustainability, including preparing for eventual tax adjustments.
Final Thoughts
Singapore’s 2021 budget reflects a strategic push towards recovery, innovation, and sustainable growth. By focusing on key sectors, fostering technological advancement, and supporting workforce development, Singapore aims to emerge stronger from the pandemic and solidify its position as a global economic leader.