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Heng Swee Keat unveils Budget 2021: Emerging Stronger Together

02:15:31 Min
Deputy PM and Finance Minister Heng Swee Keat unveiled Singapore’s Budget 2021 in Parliament on Tuesday (Feb 16), with a view to recovery from the COVID-19 crisis in the immediate and longer term. The Government will tap past reserves to fund an S$11 billion COVID-19 Resilience Package to safeguard public health and support businesses and workers, with special aid for the aviation sector. S$900 million will go towards helping households with expenses, and S$24 billion to help firms and workers transform for a post-COVID economy. Mr Heng also said the GST hike will happen between 2022 and 2025.
Deputy PM and Finance Minister Heng Swee Keat unveiled Singapore’s Budget 2021 in Parliament on Tuesday (Feb 16), with a view to recovery from the COVID-19 crisis in the immediate and longer term. The Government will tap past reserves to fund an S$11 billion COVID-19 Resilience Package to safeguard public health and support businesses and workers, with special aid for the aviation sector. S$900 million will go towards helping households with expenses, and S$24 billion to help firms and workers transform for a post-COVID economy. Mr Heng also said the GST hike will happen between 2022 and 2025.

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