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The Ministry of Finance (MOF) has announced that Budget 2021 will be delivered on 16 February 2021 at 3pm.
Many Singaporeans and Singapore businesses will be eagerly anticipating the announcement. However, Budget 2021 will unlikely deliver such wide sweeping measures and incur such a deficit to bolster the Singapore economy compared to Budget 2020. Remember that in 2020, there were 4 separate budget announcements and 2 Ministerial Statements to supplement it as the coronavirus situation deteriorated.
Budget 2021 will likely provide more targeted help for businesses. Many of the initiatives to help businesses that was announced in Budget 2020 has ended or will be ending at some point in 2021. And, Budget 2021 will provide clarity to what kind of help businesses (and individuals) will get going forward.