Budget Videos

Our best response now is to build resilience – in our economy and society. Saving jobs and helping viable firms stay resilient are key priorities.

The Resilience and Solidarity Budgets focus on building resilience in our workers, to help them through difficult times and bounce back when conditions improve.

Solidarity is needed in difficult times. Those who have more should support those who have less. This year’s Budgets provides direct support for families, with more for the lower income.

This crisis has re-affirmed the value of our key institutions and the key tenets of our prudent fiscal policy – to spend prudently, invest wisely, and plan consistently for the long-term.

这次的疫情将对我们这一代人的影响深远。但是，只要全民一心，我们就可以渡过难关，保健康，保工作，保企业，保生计，保未来

The journey ahead to the end of this crisis will likely be long and uncertain. Let us stand United, Resilient, and in Solidarity. We will get through this together.

We are facing an unpredictable pandemic, and an unprecedented crisis.  In this fight against COVID-19, our top priority is saving lives, to protect Singaporeans and our families. Our best response is to build resilience in our economy and society, so we can emerge stronger together.

A summary of key measures under the Solidarity Budget.

Saving jobs and protecting the livelihoods of our people, helping businesses preserve their capacity and capabilities, and providing direct cash in hand for households.

Support our businesses to retain their workers, and to stay viable.

Provide direct cash in hand for households, to help tide families through this difficult period.

只要国人上下一心，保持健康，再由政府通过预算案帮助大家保工作，保企业，保未来，新加坡最终能走出困境，战胜疫情，越战越勇

We have brought all our resources to bear to protect both lives and livelihoods. The key now is in how we pull together, in solidarity, as a nation.

The primary aim of this Solidarity Budget is to take further steps to save jobs and protect the livelihoods of our people during this temporary period of heightened measures. The Budget will:

1. Help businesses preserve their capacity and capabilities, to resume activities when the circuit breaker is lifted.
2. Provide direct cash in hand for households, to help tide families through this difficult period.

A summary of the key measures announced at the supplementary Resilience Budget.

Our immediate priority is to save jobs, support our workers, and protect livelihoods.

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

Helping businesses overcome near-term challenges while continuing to build capabilities

We will build resilience in our economy and society, as we battle this downturn, and build capabilities for when the eventual recovery comes.

面对2019冠状病毒和瞬息万变的局势,我们要继续秉持 “群策群力，共创未来”的精神，把这次的危机化为转机，越战越勇

COVID-19 is a defining challenge for us. As the situation continues to evolve in dynamic and unpredictable ways, we will stand with Singaporeans to battle this crisis together and emerge even stronger.

The Resilience Budget focuses on three key areas:

1. Save jobs, support workers and protect livelihoods
2. Help enterprises overcome immediate challenges
3. Strengthen economic and social resilience, and prepare us to emerge stronger

How do we care for seniors in their silver years?

SkillsFuture to help Singaporeans stay employed and take on new jobs.

Transformation and Growth Package to help our businesses grow into world-class companies.

We can all play a part in ensuring a clean, green and sustainable future for Singaporeans.

This year’s Budget is about Advancing as One Singapore.

How will the Budget 2020 measures help families and businesses affected by COVID-19?

Wonder what is in Budget 2020 for you and your family?

Watch on for a summary of key Budget 2020 measures.

Learn more about how families can benefit from this year's Budget.

Learn more about how seniors can benefit from this year's Budget.

Learn more about how workers can benefit from this year's Budget.

This year’s Budget Debate takes place under exceptional circumstances. Beyond fighting the COVID-19 outbreak, our unity will be the foundation for Singaporeans to press forward and write the next chapter of the Singapore Story.

Budget 2020 provides the necessary support and assurance where it matters most. Singaporeans can do their part, with the resources available, to overcome current challenges.

We need to ensure that we have enough resources to meet Singapore’s recurrent needs. Raising taxes in a timely manner allows each generation to pay for its own spending. The Government will continue to raise revenue in a progressive and fair manner.

Singapore’s reserves are our nest egg, borne of hard work and discipline from our founding fathers. We have a responsibility to safeguard our reserves for our future generations.

Climate change threatens our very existence, but we will meet this challenge head-on. If we take the long-term view and each generation plays its part, Singapore can face the future with confidence.

For Singapore to stay successful, we must find practical solutions to create better lives for Singaporeans, remain open and connected to the world, and stay united as one people.

我们要继续保护并培育先辈们所栽种的树，心系后代，确保我们的子子孙孙有足够的资源面对未来的挑战，并把握机遇，创造更美好的新加坡

Budget 2020 is about dealing with current challenges and uniting to build a better Singapore for tomorrow.

Budget 2020 is about how we can stay united as Singaporeans to press forward and write the next chapter of the Singapore Story.

1. We can overcome our immediate challenges and the COVID-19 outbreak together.
2. We will manage our finances collectively to provide for our future.
3. We will tackle the long-term challenge of climate change, and turn our constraints into strengths.
4. We can create opportunities for all, and build better lives for Singaporeans in changing times.

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!