Heng Swee Keat to deliver Budget 2020 statement on 18 Feb

SINGAPORE — Deputy Prime Minister and Finance Minister Heng Swee Keat will deliver Singapore’s 2020 Budget Statement on 18 February.

A live webcast of the statement will be made available on the Singapore Budget website, said the Ministry of Finance (MOF) in a news release on Wednesday (1 January). MOF added that the full Budget Statement will also be made available on the same website after delivery.

Those looking for real-time Budget updates can follow MOF’s Facebook page and Twitter account.

In his New Year 2020 message, Prime Minister Lee Hsien Loong said that the global economic slowdown has affected Singapore despite the country having avoided a recession this year.

“In the upcoming Budget, we will support businesses to raise their productivity and build new capabilities. We will help workers, especially mid-career PMETs, to retrain, acquire new skills, find new jobs and stay employable,” said Lee, referring to professions, managers, executives and technicians (PMETs).

He added that Budget 2020 will also aim to help households with their cost of living and improve social safety nets that protect the poor, the elderly, and the vulnerable.

Budget feedback phase ending soon

The ongoing Budget 2020 feedback phase will conclude on 10 January, said MOF in its release.

Those still looking to give their feedback can still do so through the following channels:

• Singapore Budget Website

• REACH Budget microsite

• REACH Singapore Facebook page

• REACH Singapore Instagram page

• REACH Singapore Feedback Form

Members of the public can also give their views and suggestions at the following locations:

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Singapore economy still growing but less vigorously: PM Lee Hsien Loong