Deputy Prime Minister and Finance Minister Heng Swee Keat delivered Singapore’s FY2020 Budget Statement on Tue 18 Feb 2020, focused on Advancing as One Singapore.
The Budget is presented against a backdrop of the on-going COVID-19 outbreak, as well as broader uncertainties and structural shifts in the global landscape.
In the Budget, DPM Heng presented plans on how we can, as one Singapore, grow our economy and transform our enterprises, care for and nurture Singaporeans at every stage of life, build and secure our nation, and work together with fellow Singaporeans to create a home we will always call our own.
In particular, DPM Heng announced a Stabilisation and Support package to help local workers and enterprises weather near-term economic uncertainties, a plan to enable Transformation and Growth in the longer-term, and a Care and Support Package for households. When the GST rate is raised, there will be an Assurance Package to cushion the increase.
Please click below for more info:
FY2020 Budget Summary_PDF FY2020 Budget Summary_JPG
FY2020 Advancing as One Singapore
FY2020 Analysis of Revenue and Expenditure
Revenue and Expenditure Estimates for FY2020-2021
Source: MOF, SingaporeBudget
