Home / 2021 / Singapore Budget 2021: Top 5 Things Business Owners Need To Know Singapore budget - 22/02/2021 Subscribe to free incorporation insights Considering moving or expanding your business to Singapore? Sign up to receive useful guides to help you make the right choices for you and your business. Subscribe now Singapore Budget 2021: Top 5 Things Business Owners Need To Know Singapore has experienced its worst recession since independence where the global battle against COVID-19 remains far from over.
The theme for the Budget 2021 was around Emerging Stronger Together, with measures to help families, workers and businesses weather the COVID-19 crisis in the immediate term, with measures to accelerate structural adaptations for the long term.
The government plans to hire more than 200,000 locals and provide up to 35,000 traineeship and training opportunities
The Singapore government announced its Budget 2021 aimed at helping families, workers and businesses weather the Covid-19 pandemic.
There was a big focus in the budget on digital transformation and upskilling workers to prepare for the shift to digital, which has been accelerated by the pandemic.
“As a small, open economy, Singapore’s economic recovery is contingent on how the global situation plays out. Not everything is within our control. We need to adapt nimbly to the wide range of possible outcomes,” said Singapore’s deputy prime minister and finance minister Heng Swee Keat.
Published: 17 February 2021
A S$700mn extension to the Jobs Support Scheme, deeper investments in businesses, and more - these are some of the things HR, employers and employees can look forward to in the next few years, as part of Singapore s Budget 2021 initiatives.
Deputy Prime Minister, Coordinating Minister for Economic Policies and Minister for Finance Heng Swee Keat delivered his #SGBudget2021 speech in Parliament on Tuesday (16 February), putting forth a slew of measures to be undertaken to help Singapore build resilience and emerge stronger post-pandemic.
Measures announced in the Emerging Stronger Together Budget 2021 include a six-month extension on the Jobs Support Scheme, enhanced salaries for healthcare workers, additional funding for the Jobs Growth Incentive to encourage local hires, and more.