Budget Videos

Our schemes and programmes have dampened the economic impact of COVID-19. We will be pivoting towards more calibrated sector and firm-specific support.

We are fully committed on supporting workers who are at higher risk of income loss or who face difficulties finding a job during this period.

Increased regionalisation, digitalisation and innovation have improved our productivity. We will continue to invest in our people to ensure that they stay well-educated, well-trained and well-skilled.

To alleviate the impact brought about by COVID-19, we disbursed an unprecedented $6.1 billion of household transfers this year. We must continue to support those who need more help, and uphold the SG Together spirit.

Our fiscal position will be tighter in the coming years. We are making the responsible decision today to study how we can strengthen our fiscal toolkit, so as to hand over to our future generations an endowment and not a burden.

To continue thriving, we have to stay open as a global city yet close-knit as one people and one nation.

The round-up speech summarises the efforts in helping our firms and workers, and the plans for our longer-term nation-building agenda.

The COVID-19 situation in Singapore has stabilised, with large parts of the economy resuming operations. We will continue to plan ahead for our longer-term economic recovery and emerge stronger.

We will help businesses preserve core capabilities and continue to provide strong support to businesses that are growing. As the economy recovers, we will shift our approach while making sure that support does not taper off too sharply.

Ultimately, our support for firms is to benefit our workers. We will help viable firms tide over and emerge stronger, thereby preserving and generating good jobs for our workers.

We will continue to support households with their expenses. For aspiring parents, we will provide a one-off additional support to support their parenthood journey.

We will deliver a refreshed economic strategy for a post-COVID world, with emphasis on (a) remaking Singapore as a Global-Asia node, (b) fostering inclusive growth, and (c) investing in economic resilience and sustainability.

We must deepen and broaden links to build up Singapore’s role at the heart of Asia’s growth. To do so, we will rebuild and grow our physical connectivity – in travel and trade.

We will strengthen Singapore’s digital connectivity, thereby opening up new markets and opportunities for our businesses.

We must continue to build on Singapore’s strengths, and position Singapore as a Global-Asia node of technology, innovation, and enterprise.

We must improve our economic resilience to reduce our vulnerabilities and enable us to bounce back during crises. We will also invest in environmental sustainability, a key aspect of building our economy’s resilience.

In this crisis of a generation, we have stood in solidarity with one another. In the face of uncertainty and adversity, we showed resilience. Let us continue to chart the course through this crisis and beyond, with fortitude and unity.

The Ministerial Statement provides an update on our response to COVID-19, and our plans for the longer-term economic recovery.

有关的部长声明阐明了政府应对冠病疫情的最新情况，以及我国将如何为长期的经济复苏做好准备

A summary of the SingapoRediscover Vouchers initiative announced in the August Ministerial Statement.

A summary of support measures for workers announced in the August and October Ministerial Statements.

A summary of support measures for businesses announced in the August and October Ministerial Statements.

Find out how the Government is providing additional assistance to support businesses and transform Singapore’s economy, so as to create more job opportunities for a post-COVID-19 world.

Visit gov.sg to learn more. #SGUnited

To save livelihoods, the Government will continue to support workers and create new opportunities. No one will be left to walk alone.

Learn more about the new measures introduced to help you @ go.gov.sg/jobssupport

A summary of key support measures announced under the Ministerial Statement on 17 Aug 2020.

While the situation remains under control as a result of the measures we have introduced, we must continue to adapt to provide continued support for workers and jobs, further support hardest-hit sectors, and position ourselves to seize growth opportunities in a post-COVID-19 world.

Businesses will receive extended wage support to help them retain as many workers as possible.

We will support hiring in growing areas and protect every worker as the crisis progresses.

Further support will be provided for hardest-hit sectors, to retain core capabilities and position them for an eventual recovery.

We will continue to transform our economy to prepare our workers and businesses for the post-COVID-19 world.

We have the fortitude, resilience, and will stand in solidarity as one united Singapore.

The Ministerial Statement provides an update on the measures as the COVID-19 situation progresses. The announced measures aim to:

1. Provide continued support for workers and jobs;
2. Provide further support for hardest-hit sectors; and
3. Position ourselves to seize growth opportunities in a post COVID-19 world.

Our measures across the four Budgets are designed to help Singaporeans stay employed, and businesses to stay viable.

The Government is committed to giving our workers a bright future. We will continue to build capabilities in workers and firms to emerge stronger when recovery comes.

We will continue to invest in transformation, which will enable us to pivot quickly to new growth opportunities.

Even as we devote considerable resources to overcome the immediate challenges posed by COVID-19, we must continue to plan ahead to secure a fiscally sustainable future.

Fortitude comes not just from our financial reserves, but from our deep reserves of social capital, the intangible bonds of trust that unite us.

我们推出了四份总值约一千亿元的预算案，为的就是保健康、保工作、保生计、保企业、保未来。我们会越战越勇，成为更团结、更强大、更坚韧的一代。

The Unity, Resilience, Solidarity and Fortitude Budgets aim to:

1. Minimise the spread of the virus and risks to lives;
2. Stabilise the economy, save jobs and viable companies, and protect livelihoods amidst these shocks;
3. Reposition workers, businesses and the community to respond to these shifts;
4. And seize new growth areas to emerge stronger.

COVID-19 has greatly affected the economy.

Look out for Budget 2020’s Care and Support Package cash payouts in June and utility rebates for households. Students and seniors will also get access to digital devices. No one will be left behind.

Helping businesses save jobs and retain workers is top priority. The Fortitude Budget will support companies to reduce cost, facilitate cash flow and digitalise operations.

Look out for Budget 2020’s Care and Support Package cash payouts in June and utility rebates for households. Students and seniors will also get access to digital devices. No one will be left behind.

How we respond to the COVID-19 challenge will define us as a people. We must have the fortitude to adapt and be resilient amidst a rapidly evolving, uncertain situation.

We will further enhance the support provided for our businesses as we emerge from the circuit breaker.

We will augment the support for digital transformation to encourage our businesses to transform and digitalise.

The SGUnited Jobs and Skills Package will help to strengthen employment and training support for our workers.

We will continue to help our families, especially the vulnerable in our community, tide through this challenging time.

这次的疫情给予我们艰难的考验。只要国人团结一致，再由政府通过预算案帮助国人保工作、保生计、保企业，新加坡一定能战胜疫情，并且建立一个更坚韧和包容的社会。

The Fortitude Budget bolsters the next phase of our fight against COVID-19. This Budget will:

1. Provide continued assistance for workers and businesses in a way that allows them to adapt, transform and pivot towards new opportunities and emerge stronger in a post-COVID-19 world; and
2. Provide additional support to our households and community, in a way that builds a stronger and more inclusive society.

Responding to the Coronavirus Disease 2019 (COVID-19) outbreak: Protecting our families and supporting our businesses.

GST rate increase will not take effect in 2021; Assurance Package will be provided when the GST rate is raised.

Overall view of Budget 2020: Grow our economy, Nurture every Singaporean, Secure our nation, and Mobilise Singaporeans to work together.

Supporting the growth of companies through enabling stronger partnerships, deepening enterprise capabilities and developing our people.

Preparing our children through education to maximise each child’s potential, regardless of family circumstances.

Help for all Singaporeans with their household expenses during this period of uncertainty.

Financial assurance for our seniors to live a life of purpose, dignity and contribution.

Addressing climate change to build a liveable and sustainable future for Singaporeans.

Identifying challenges that matter and finding solutions together through collaborations and partnerships.

新加坡不仅是个养儿育女的好地方，也是一个让年长人士过上有意义，有尊严生活的温馨家园.

Budget 2020 is about dealing with current challenges and working together for Singapore to remain exceptional for years to come.

Budget 2020 is about helping Singaporeans deal with near-term challenges, and to thrive in the new decade.

1. We will help viable enterprises, and retain and retrain our workers.
2. We will support plans to position Singapore as the Global-Asia node of technology, innovation and enterprise.
3. We will support our households and ease concerns over cost of living, in addition to structural social subsidies.
4. We will continue to take steps towards climate change mitigation and adaptation, for a safe and liveable Singapore.

Our priorities are to transform our industries & workers; support Singaporeans; and ensure sustainability. Share your views and feedback with us at www.reach.gov.sg/participate/budget-2020

Find out why we need to raise the GST rate and how the Government will help Singaporeans cope. Share your views and feedback with us at www.reach.gov.sg/participate/budget-2020

How can we shape the future of Singapore together? Calling on the wit and wisdom of all Singaporeans! Share your views and feedback with us at www.reach.gov.sg/participate/budget-2020

How does the Government plan its revenue and spending each year? How are finite resources allocated? Watch this video to find out how Singapore’s Budget is determined every year and share it with your family and friends too!

What are our considerations when planning for our future? Why is fiscal sustainability important? Watch this video to find out more!

Tell us your thoughts and suggestions for Budget 2020. It only takes a minute to comment online at www.reach.gov.sg/budget2020

Keen to find out how the Budget is planned each year? Watch the video to find out how DPM Heng planned the Budget last year!