A new S$33-billion Fortitude Budget was unveiled in Parliament by Deputy Prime Minister (DPM) and Finance Minister Heng Swee Keat on 26 May 2020. Amid the Covid-19 pandemic, the Fortitude Budget builds on the earlier Unity, Resilience and Solidarity Budgets. It aims to help businesses and individuals adapt and build resilience. This is the fourth Budget in fewer than four months, which is truly unprecedented.
Businesses should tap on these measures and seize this window of opportunity to transform, particularly through digitalisation. Similarly, individuals will have to reskill and upskill to bridge the gap between jobs and skills in the new economy.
Please click here to read a summary of the key enhancements.