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EY: Singapore Budget 2021

Get the latest insights on how you can position your company for growth with the new proposed Budget measures.

The Singapore 2021 Budget Statement will be delivered on 16 February 2021 by Deputy Prime Minister and Minister for Finance, Mr. Heng Swee Keat.

In anticipation of the Budget, EY’s wish list, which is themed “Riding the tide together, emerging stronger”, proposes measures to focus on the following areas:

1. Cushion the economic impact of COVID-19 pandemic
2. Enhance productivity and innovation
3. Drive workforce transformation
4. Enhance the tax regime – key sectors and others

Now that the worst of the pandemic looks to be behind us, it is time to focus on supporting businesses to strengthen and transform for the future, while ensuring that the most impacted individuals and households are given help to rebuild their lives and livelihoods. With the significant amount drawn from the reserves last year, it is important that the proposals in Budget 2021 are designed with a long-term, prudent view to help Singapore work towards restoring its finances.

Please bookmark this page for updates as the EY Budget Synopsis and Seminar will be made available following the Budget announcement.

More on Singapore Budget 2020 insights here.