Singapore prepares for fiscally conservative budget as economy shows resilience
Singapore is set to unveil a conservative budget next week following strong economic growth. Experts foresee a focus on fiscal discipline and AI innovation.
Insights:
The Government of Singapore is set to unveil Budget 2026 on February 12, with Prime Minister and Finance Minister Lawrence Wong lawrence wong scheduled to deliver the statement at 3:30 p.m. (0730 GMT). This announcement from the Finance Ministry follows advance estimates indicating a robust 4.8% GDP growth in 2025. The upcoming package is expected to be fiscally conservative, as the government seeks to balance that stronger-than-expected growth with a commitment to longer-term fiscal discipline early in a new parliamentary term during which it is required to balance the budget.
