Singapore puts budget focus on transformation, innovation
After tilting last year's budget towards 'emergency support' in light of the global pandemic, Singapore's government will spend SG$24 billion ($18.1 billion) over the next three years to help local businesses innovate and build capabilities needed to take them through the next phase of transformation.
February 16, 2021 -- 18:17 GMT (10:17 PST)
| Topic: Innovation
Singapore is setting aside SG$24 billion ($18.1 billion) over the next three years to help local businesses innovate and build capabilities needed to take them through the next phase of transformation. The financial boost will go towards various initiatives such as the Emerging Technology Programme, which will see the government co-fund the cost of trials and adoption of emerging technologies including 5G, artificial intelligence (AI) and cybersecurity.