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SINGAPORE — The Government has tabled its Budget for the financial year beginning April 1, 2026, setting out its fiscal plans amid what leaders describe as a period of significant global uncertainty and transition.
The Budget, the first of the new term of government, was presented in Parliament against the backdrop of a rapidly changing international order. Leaders noted that long-standing global trade norms and multilateral institutions are under strain, with rising geopolitical tensions and economic fragmentation reshaping the global landscape.
While the world economy showed resilience in the past year — despite concerns over new tariff measures and slowing growth — fresh risks have emerged in early 2026. Elevated public debt levels, financial market vulnerabilities and intensifying geopolitical pressures are expected to weigh on global stability in the months ahead.
Domestically, Singapore recorded stronger-than-expected growth of 5 per cent last year, supported by robust performance in sectors such as electronics and biomedical manufacturing. However, growth is projected to moderate to between 2 and 4 per cent in 2026, with inflation forecast at 1 to 2 per cent, reflecting a more cautious outlook.
This Budget focuses on:
- Economic resilience
- AI transformation
- Workforce upgrading
- Social support that is targeted, not universal
- Security and climate preparedness
It reflects a government that sees tougher times ahead and is preparing early.
The closing message from PM Wong was simple:
Be active participants, not spectators.
In a changed world, Singapore’s edge will not just be policy, but people.
And that might be the most important takeaway of all.
Stay tuned for more updates.
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Read about previous Singapore Budget 2025
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