Prime Minister Lawrence Wong on Feb 12 unveiled a $154.7 billion Budget to help the Republic make progress in a time of global uncertainty. It includes measures to enable Singaporeans to harness artificial intelligence (AI) while strengthening the collective commitment to build a shared future.
Key announcements from PM Wong’s Budget 2026:
Chapters:
00:00 PM Wong introduces Budget 2026 agendas
06:25 More support to help companies expand overseas
14:09 $37 billion for Research, Innovation and Enterprise plan (RIE2030)
18:03 $1 billion for Startup SG Equity scheme, second $1.5 billion for Anchor Fund and $1.5 billion top-up to Financial Sector Development tracy mcgrady Fund
21:46 Harnessing the potential of AI: Driving transformation through new AI Missions
26:04 PM Wong to chair new National AI Council, launch Champions of AI programme
30:02 Empowering workers in an AI-enabled economy
36:55 Support for lower wage workers, enhancing Progressive Wage Credit Scheme
40:09 SkillsFuture Singapore and Workforce Singapore to merge
43:37 Senior Employment Credit to be extended to end-2027
44:33 Amendments to minimum qualifying salaries for work passes
47:21 Giving families more support
51:20 Families under ComLink+ can receive around $10k a year in cash and CPF top-ups
53:03 Taskforce to review support for persons with disabilities and their families
53:53 Supporting seniors with changes to CPF
59:05 Cost-of-Living Special Payment, U-Save rebates, and CDC vouchers
1:01:07 Government to invest in defence capabilities in “more dangerous” world
1:06:02 Carbon tax trajectory and exploring diversified energy mix
1:12:58 Strengthening cultural and heritage institutions
1:14:05 More access to affordable and quality sports facilities
1:15:23 Initiatives for a ‘We First’ society
1:20:22 20% increase in tax on tobacco products from Feb 12, reduced PARF rebate
1:21:45 FY2025 and FY2026 Fiscal position
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