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Singapore Budget 2020: Business Highlights

The Singapore Budget 2020 outlines the country’s budget allocation with Singapore’s current and future needs in mind. This article summarises the highlights of the Singapore Budget concerning businesses.

Business

1. $800 million support for COVID-19
2. Stabilisation and Support package of $4 billion
3. GST to remain at 7% for 2021
4. $8.3 billion to enable transformation and growth efforts
5. Supporting lifelong learning with SkillsFuture Enhancements

* Summarised from Singsaver https://www.singsaver.com.sg/blog/singapore-budget-2020-key-highlights 

More information on the Singapore Budget 2020: https://blog.seedly.sg/singapore-budget-2020-summary/

 

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